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Gravity redux: Measuring international trade costs with panel data
Novy, Dennis - 2011
Barriers to international trade are known to be large but due to data limitations it is hard to measure them directly for a large number of countries over many years. To address this problem I derive a micro-founded measure of bilateral trade costs that indirectly infers trade frictions from...
Persistent link: https://www.econbiz.de/10010278880
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Is the international border effect larger than the domestic border effect? : evidence from U.S. trade
Coughlin, Cletus C.; Novy, Dennis - 2009
Many studies have found that international borders represent large barriers to trade. But how do international borders compare to domestic border barriers? We investigate international and domestic border barriers in a unified framework. We consider a unique data set of exports from individual...
Persistent link: https://www.econbiz.de/10010272315
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Estimating Border Effects: The Impact of Spatial Aggregation
Coughlin, Cletus C.; Novy, Dennis - 2016
this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which …. Even if no border frictions exist at the micro level, gravity estimation on aggregate data can still produce large border …
Persistent link: https://www.econbiz.de/10011480462
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Multimarket Linkages, Cartel Discipline and Trade Costs
Agnosteva, Delina; Syropoulos, Constantinos; Yotov, Yoto V. - 2017
We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....
Persistent link: https://www.econbiz.de/10011794168
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Trade in Northeast Asia: why do trade costs matter?
De, Prabir - 2006
-the-border issues. By estimating a modified gravity equation, controlling for endogeneity and remoteness, we find that variations in …
Persistent link: https://www.econbiz.de/10010263986
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FDI, Trade Integration and the Border Effect: Evidence from the European Union
Martínez-San Román, Valeriano; Bengoa, Marta; … - 2014
This paper intends to combine two fields in the economic literature by examining empirically the FDI pattern -horizontal versus vertical- within the European Union and the relevance of trade integration as a potential determinant of investment flows over the period 1995-2009. We capture trade...
Persistent link: https://www.econbiz.de/10010398609
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Turkish delight for some, cold turkey for others?: The effects of the EU-Turkey Customs Union
Adam, Antonis; Moutos, Thomas - 2005
Following Turkey’s application for EU membership in 1987, a Customs Union (CU) between Turkey and the EU, mainly covering trade in manufacturing goods and processed agricultural products, came into effect in 1995. In addition to a large agricultural sector, Turkey also specializes in the...
Persistent link: https://www.econbiz.de/10010261340
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International trade and monopolistic competition without CES: Estimating translog gravity
Novy, Dennis - 2010
This paper derives a micro-founded gravity equation in general equilibrium based on a translog demand system that … allows for endogenous markups and rich substitution patterns across goods. In contrast to standard CES-based gravity … to be zero. I test the translog gravity equation and find strong empirical support in its favor. In an application to the …
Persistent link: https://www.econbiz.de/10010270479
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Trade Intensity and Output Synchronisation: On the Endogeneity Properties of EMU
Caporale, Guglielmo Maria; De Santis, Roberta; Girardi, … - 2013
Using annual bilateral data over the period 1988-2011 for a panel of 24 industrialised and emerging economies, we analyse in a time-varying framework the determinants of output synchronisation in EMU (European Monetary Union) distinguishing between core and peripheral member states. The results...
Persistent link: https://www.econbiz.de/10010292703
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Heterogeneous Economic Integration Agreement Effects
Baier, Scott L.; Bergstrand, Jeffrey H.; Clance, Matthew W. - 2015
Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on …
Persistent link: https://www.econbiz.de/10011388156