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Unlocking New Methods to Estimate Country-specific trade Costs and Trade Elasticities

Freeman, Rebecca; Larch, Mario; Theodorakopoulos, Angelos; … - 2021

We propose new methods to identify the full impact of country-specific characteristics on bilateral trade flows within the framework of ‘the new quantitative trade model’. We complement theory with a simple two-stage estimating procedure, and offer a proof of concept by quantifying the...

Persistent link: https://www.econbiz.de/10013311138

Unlocking new methods to estimate country-specific trade costs and trade elasticities

Freeman, Rebecca; Larch, Mario; Theodorakopoulos, Angelos; … - 2021

We propose new methods to identify the full impact of country-specific characteristics on bilateral trade flows within the framework of ‘the new quantitative trade model.' We complement theory with a simple two-stage estimating procedure, and offer a proof of concept by quantifying the impact...

Persistent link: https://www.econbiz.de/10012669805

The WTO Global Trade Costs Index and its determinants

Rubínová, Stela; Sebti, Mehdi - 2021 - Manuscript date: 18 January 2021

This study provides a decomposition of the WTO Global Trade Costs Index into five policy-relevant components: transport and travel costs; information and transaction costs; ICT connectedness; trade policy and regulatorydifferences; and governance quality. The WTO Global Trade CostsIndex is based...

Persistent link: https://www.econbiz.de/10012431235

Estimating the gravity equation with the actual number of exporting firms

Minondo, Asier; Requena Silvente, Francisco - In: Estudios de economía 40 (2013) 1, pp. 5-19

To estimate correctly the effect of variable trade costs on firms’ exports, the gravity equation should control for the number of firms that participate in foreign markets. Due to the absence of these data, previous studies control for this omitted variable using econometric strategies that...

Persistent link: https://www.econbiz.de/10009766156

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

Distance and border effects in international trade : a comparison of estimation methods

Magerman, Glenn; Studnicka, Zuzanna; Van Hove, Jan - 2016

This paper compares various estimation methods often used in the estimation of gravity models of international trade …. The authors first discuss different structural and consistent estimation techniques, their underlying assumptions and … empirical methodologies. They focus on a comparison of the distance and border effects across estimation techniques. For the …

Persistent link: https://www.econbiz.de/10011502657

Estimating the effects of trade agreements : lessons from 60 years of methods and data

Larch, Mario; Yotov, Yoto - 2023

Starting with Tinbergen (1962), quantifying the effects of regional trade agreements (RTAs) on international trade flows has always been among the most popular topics in the trade literature. Also not surprisingly, to estimate the effects of RTAs, most researchers and policy analysts have relied...

Persistent link: https://www.econbiz.de/10013540804

International trade and unemployment : a quantitative framework ; conference paper

Heid, Benedikt; Larch, Mario - 2013

Quantifying the welfare effects of trade liberalization is a core issue in international trade. Existing frameworks assume perfect labor markets and therefore ignore the effects of aggregate employment changes for welfare. We develop a quantitative trade framework which explicitly models labor...

Persistent link: https://www.econbiz.de/10010341027

The low-hanging fruit of the single European market : new methods and measures

Fontagné, Lionel; Yotov, Yoto - 2025

We propose and construct novel measures of the effectiveness and potential of trade blocs, combining estimation with … potential benefits from (i) further integration within the largest and most successful trade liberalization effort in the world …

Persistent link: https://www.econbiz.de/10015396818

Trade Costs, Trade Balances and Current Accounts : An Application of Gravity to Multilateral Trade

Fazio, Giorgio; MacDonald, Ronald; Mélitz, Jacques - 2021

In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to explaining the so-called Feldstein-Horioka puzzle. Using a gravity framework in an intertemporal context, we provide strong support for the hypothesis and we reconcile our results with...

Persistent link: https://www.econbiz.de/10013318280