We present a gravity model that accounts for multilateral resistance, firm heterogeneity and country-selectioninto trade, while accommodating asymmetries in trade flows. A new equation for the proportion of exporting…firms takes a gravity form: the extensive margin is also accected by...

This paper analyses trade specialisation dynamics in two Eastern European countries(Romania and Bulgaria – EEC-2) vis-à-vis the core EU member states (EU-15) over theperiod 1990-2006. Specifically, we focus on whether there is a shift towards intra-industrytrade leading to economic...

Microfoundations of the euro´s effect on euro area trade hinge on the timing, thespeed and the size of adjustment in trade costs. We estimate timing, speed and sizeof adjustment in trade costs for sectoral trade data. Our approach allows for sectorspecific impacts of trade costs on sectoral...

Die vielbeachtete Dynamik des wirtschaftlichen Wandels im ostasiatischen Raum stellt für die dortigen Länder nicht nur den erfreulichen Weg zum Wohlstand dar, sondern ist gerade durch die erreichte Geschwindigkeit eine immense Herausforderung an Flexibilität and Anpassungsfähigkeit der...

The report summarizes the main results of the SME research that has been conducted in the framework of the “Sino-German Cooperation Program in Empirical Economic Research”, with the ifo Institute, Germany as the core unit to provide methodological support. The program focused on business cycle...

Der vorliegende Beitrag trägt zentrale statistische Daten zur Entwicklung der europä-isch-chinesischen Wirtschaftsbeziehungen zwischen 1976 und 2001 zusammen. Die graphisch aufgearbeiteten Daten werden einführend kommentiert und sollen einen schnellen, leicht zugänglichen Einblick in...

When adjustment costs are present, cyclical preference and technology heterogeneities in aproduct’s markets induce cycles in production. We exploit cyclic and dihedral groupinvariances in an industry’s cost technology to describe these patterns. We show whenequilibrium cyclical pricing and...

Ever since the time of Adam Smith, the attribution to foreign trade of the abilityto affect the wholesale transformation of the productive powers of an economy hasremained a very powerful concept in both economics and economic history. At theheart of this interpretation is the observation that...

One of the most contentious issues in Chinese history has been the assessment of foreign involvement in the Chinese economy since the end of the nineteenth century. Following Allen and Donnithorne's 1954 publication Western Enterprise in Far Eastern Economic Development which claimed the limited...