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The Gravity Equation with Micro-Founded Trade Costs
Rudolph, Stephan - 2010
Gravity Equations are broadly used to estimate the impacts of trade impediments on trade flows. It is often stated that results are implausibly high. In theoretical foundations of the gravity equation, trade costs usually enter as "icebergmelting-costs." This paper offers an alternative approach...
Persistent link: https://www.econbiz.de/10013147873
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On the distribution and estimation of trading costs
Kourtis, Apostolos - In: Journal of Empirical Finance 28 (2014) C, pp. 104-117
This paper investigates the uncertainty about the trading costs associated with a given portfolio strategy. I derive accurate approximations of the ex ante probability distributions of proportional trading costs and portfolio turnover under the conventional assumption of normal asset returns....
Persistent link: https://www.econbiz.de/10010939530
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A Stability Approach to Mean-Variance Optimization
Kourtis, Apostolos - 2015
instability. I find that theory-based portfolio strategies known to outperform naive diversification (1/N) in the absence of …
Persistent link: https://www.econbiz.de/10013019291
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Costs and benefits of trading with stock dealers : the case of systematic internalizers
Aramian, Fatemeh; Nordén, Lars L. - In: European financial management : the journal of the … 30 (2024) 3, pp. 1094-1124
Persistent link: https://www.econbiz.de/10014574014
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Disentangling frictions across the world : markups versus trade costs
Heid, Benedikt; Stähler, Frank - 2024
in trade flows. We apply our method to trade data between 1990 and 2015 for the world’s 100 largest economies. We find …
Persistent link: https://www.econbiz.de/10015081337
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Trade costs and facilitation : open trade and economic development
Maur, Jean-Christophe (contributor) - 2011
Persistent link: https://www.econbiz.de/10008760254
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Is there a continental bias in trade?
Gil-Pareja, Salvador; Llorca-Vivero, Rafael; Martínez … - 2010
potential existence of a continental bias in world trade flows on a sample of 182 countries over the period 1990-2006. Using …
Persistent link: https://www.econbiz.de/10011575604
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Trade costs and facilitation : open trade and economic development
2011
C. Fred Bergsten (1997), 'Open Regionalism', World Economy, 20 (5), 545-65 -- Gerard McLinden (2006), 'Needs … Agreement: A Comparative Study Based on Six Developing Countries', World Bank Working Paper, November, 1-5, 9-35 -- J. Michael …-Christophe Maur (2008), 'Regionalism and Trade Facilitation: A Primer', Journal of World Trade, 42 (6), 979-1012 -- Minette Libom Li …
Persistent link: https://www.econbiz.de/10011852332
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World-trade growth accounting
Egger, Peter; Nigai, Sergey K. - 2016 - This draft: March 2016
We undertake a trade-growth accounting exercise by decomposing data on changes in bilateral international trade flows into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect components (general equilibrium effects). Furthermore,...
Persistent link: https://www.econbiz.de/10011444883
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Unlocking new methods to estimate country-specific trade costs and trade elasticities
Freeman, Rebecca; Larch, Mario; Theodorakopoulos, Angelos; … - 2021
Persistent link: https://www.econbiz.de/10012795388