Persistent Zeros The Extensive Margin Of Trade

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The Intensive Margin in Trade

Author : Ana Fernandes
Publisher : International Monetary Fund
ISBN 13 : 1484386175
Total Pages : 66 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis The Intensive Margin in Trade by : Ana Fernandes

Download or read book The Intensive Margin in Trade written by Ana Fernandes and published by International Monetary Fund. This book was released on 2018-12-07 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Melitz model highlights the importance of the extensive margin (the number of firms exporting) for trade flows. Using the World Bank’s Exporter Dynamics Database (EDD) featuring firm-level exports from 50 countries, we find that around 50 percent of variation in exports is along the extensive margin—a quantitative victory for the Melitz framework. The remaining 50 percent on the intensive margin (exports per exporting firm) contradicts a special case of Melitz with Pareto-distributed firm productivity, which has become a tractable benchmark. This benchmark model predicts that, conditional on the fixed costs of exporting, all variation in exports across trading partners should occur on the extensive margin. We find that moving from a Pareto to a lognormal distribution allows the Melitz model to match the role of the intensive margin in the EDD. We use likelihood methods and the EDD to estimate a generalized Melitz model with a joint lognormal distribution for firm-level productivity, fixed costs and demand shifters, and use “exact hat algebra” to quantify the effects of a decline in trade costs on trade flows and welfare in the estimated model. The welfare effects turn out to be quite close to those in the standard Melitz-Pareto model when we choose the Pareto shape parameter to fit the average trade elasticity implied by our estimated Melitz-lognormal model, although there are significant differences regarding the effects on trade flows.

The Intensive Margin in Trade

Author : Ana Fernandes
Publisher : International Monetary Fund
ISBN 13 : 1484389484
Total Pages : 66 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis The Intensive Margin in Trade by : Ana Fernandes

Globalization

Author : Bent Jesper Christensen
Publisher : Springer
ISBN 13 : 3662495023
Total Pages : 609 pages
Book Rating : 4.6/5 (624 download)

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Book Synopsis Globalization by : Bent Jesper Christensen

Download or read book Globalization written by Bent Jesper Christensen and published by Springer. This book was released on 2017-03-07 with total page 609 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume uses cutting-edge theory and empirical analysis of channels of international interaction to build new knowledge about strategies of entrepreneurs, domestic and multinational firms, governments, and international organizations facing increasing globalization. The ongoing process of globalization implies the continuing expansion and intensification of economic, political, social, cultural and judicial relations across borders. It is furthered by reductions in transportation and communication costs, the rise of new information technologies, such as the internet, and liberalizations in the markets for goods, services, labor, capital, and technology. Globalization presents new opportunities to some, but risks and threats to others. The volume presents new research and findings by leading scholars on international trade, labor markets, financial markets, economic integration, political science, law, management, the humanities, developing countries, and international relations.

The New Palgrave Dictionary of Economics

Author :
Publisher : Springer
ISBN 13 : 1349588024
Total Pages : 7493 pages
Book Rating : 4.3/5 (495 download)

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Book Synopsis The New Palgrave Dictionary of Economics by :

Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

Proceedings of the 2024 3rd International Conference on Information Economy, Data Modelling and Cloud Computing (ICIDC 2024)

Author : Evan Poh Hock Lau
Publisher : Springer Nature
ISBN 13 : 9464635045
Total Pages : 355 pages
Book Rating : 4.4/5 (646 download)

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Book Synopsis Proceedings of the 2024 3rd International Conference on Information Economy, Data Modelling and Cloud Computing (ICIDC 2024) by : Evan Poh Hock Lau

Download or read book Proceedings of the 2024 3rd International Conference on Information Economy, Data Modelling and Cloud Computing (ICIDC 2024) written by Evan Poh Hock Lau and published by Springer Nature. This book was released on 2024 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trade Flows, Multilateral Resistance, and Firm Heterogeneity

Author : Mr.Alberto Behar
Publisher : International Monetary Fund
ISBN 13 : 1475519206
Total Pages : 39 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Trade Flows, Multilateral Resistance, and Firm Heterogeneity by : Mr.Alberto Behar

Download or read book Trade Flows, Multilateral Resistance, and Firm Heterogeneity written by Mr.Alberto Behar and published by International Monetary Fund. This book was released on 2012-12-20 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present a gravity model that accounts for multilateral resistance, firm heterogeneity and country-selection into trade, while accommodating asymmetries in trade flows. A new equation for the proportion of exporting firms takes a gravity form, such that the extensive margin is also affected by multilateral resistance. We develop Taylor approximated multilateral resistance terms with which to capture the comparative static effects of changes in trade costs. For isolated bilateral changes in trade frictions, multilateral resistance effects are small for most countries. However, if all countries reduce their trade frictions, the impact of multilateral resistance is so strong that bilateral trade falls in most cases, despite the larger trade elasticities implied by firm heterogeneity. As a consequence, the world-wide trade response, though positive, is much lower.

New Developments in Computable General Equilibrium Analysis for Trade Policy

Author : John Gilbert
Publisher : Emerald Group Publishing
ISBN 13 : 0857241419
Total Pages : 461 pages
Book Rating : 4.8/5 (572 download)

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Book Synopsis New Developments in Computable General Equilibrium Analysis for Trade Policy by : John Gilbert

Download or read book New Developments in Computable General Equilibrium Analysis for Trade Policy written by John Gilbert and published by Emerald Group Publishing. This book was released on 2010-10-05 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intends to present the developments in the methodology and practice of CGE techniques as they apply to various issues in international trade policy. This title is suitable for academic researchers working in trade policy analysis and applied general equilibrium, and advanced graduate students in international economics.

The Great Recession and its Aftermath: Evidence from Micro-Data

Author : Holger Görg
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 3110511169
Total Pages : 192 pages
Book Rating : 4.1/5 (15 download)

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Book Synopsis The Great Recession and its Aftermath: Evidence from Micro-Data by : Holger Görg

Download or read book The Great Recession and its Aftermath: Evidence from Micro-Data written by Holger Görg and published by Walter de Gruyter GmbH & Co KG. This book was released on 2016-09-26 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Achieving Dynamism in an Anaemic Europe

Author : Luigi Paganetto
Publisher : Springer
ISBN 13 : 331914099X
Total Pages : 300 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis Achieving Dynamism in an Anaemic Europe by : Luigi Paganetto

Download or read book Achieving Dynamism in an Anaemic Europe written by Luigi Paganetto and published by Springer. This book was released on 2015-04-09 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the reasons behind Europe’s poor performance in terms of overall growth and its progressively diminishing role in the global context. Recognizing that the big challenge is to restore confidence and hope in Europe, potential solutions are discussed. The volume comprises a selection of contributions to the XXVI Villa Mondragone International Economic Seminar (Rome, 2014), the most recent of a series of seminars that have provided outstanding scholars with an opportunity to discuss key topics in economic research. In recent years the persistence of high unemployment and low growth has increased the Euroscepticism that has targeted the euro and the Brussels bureaucracy. Readers will find this book a fascinating source of information on current thinking regarding topics such as European industrial policy, European governance, unemployment, the euro and competitiveness, trade and financial integration, the Transatlantic Trade and Investment Partnership, anticorruption policies, and energy and climate policies. In particular, it examines the structural reforms and commitment to development that will be required for Europe to become a region characterized by social justice, dynamism, and opportunities for all.

Selected Trade Agreements and Implications for U.S. Agriculture

Author :
Publisher : DIANE Publishing
ISBN 13 : 1437984584
Total Pages : 59 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Selected Trade Agreements and Implications for U.S. Agriculture by :

Download or read book Selected Trade Agreements and Implications for U.S. Agriculture written by and published by DIANE Publishing. This book was released on with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Innovative Entrepreneur

Author : Daniel F. Spulber
Publisher : Cambridge University Press
ISBN 13 : 1139952617
Total Pages : 385 pages
Book Rating : 4.1/5 (399 download)

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Book Synopsis The Innovative Entrepreneur by : Daniel F. Spulber

Download or read book The Innovative Entrepreneur written by Daniel F. Spulber and published by Cambridge University Press. This book was released on 2014-06-16 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovative entrepreneurs are the prime movers of the economy. The innovative entrepreneur helps to overcome two types of institutional friction. First, existing firms may not innovate efficiently due to incumbent inertia resulting from adjustment costs, diversification costs, the replacement effect, and imperfect adjustment of expectations. The innovative entrepreneur compensates for incumbent inertia by embodying innovations in new firms that compete with incumbents. Second, markets for inventions may not operate efficiently due to transaction costs, imperfect intellectual property protections, costs of transferring tacit knowledge, and imperfect information about discoveries. The innovative entrepreneur addresses inefficiencies in markets for inventions through own-use of discoveries and adoption of innovative ideas. The Innovative Entrepreneur presents an economic framework that addresses the motivation of the innovative entrepreneur, the innovative advantage of entrepreneurs versus incumbent firms, the effects of competitive pressures on incentives to innovate, the consequences of creative destruction, and the contributions of the innovative entrepreneur to the wealth of nations.

Handbook of International Economics

Author : Gita Gopinath
Publisher : Elsevier
ISBN 13 : 0444543155
Total Pages : 773 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of International Economics by : Gita Gopinath

Download or read book Handbook of International Economics written by Gita Gopinath and published by Elsevier. This book was released on 2014-02-22 with total page 773 pages. Available in PDF, EPUB and Kindle. Book excerpt: What conclusions can be drawn from recent advances in international trade and international macroeconomics? New datasets, theoretical models, and empirical studies have resulted in fresh questions about the world trade and payment system. These chapters--six on trade and six on international macroeconomics--reveal the richness that researchers have uncovered in recent years. The chapters on foreign trade present, among other subjects, new integrated multisector analytical frameworks, the use of gravity equations for the estimation of trade flows, the role of domestic institutions in shaping comparative advantage, and international trade agreements. On international macroeconomics, chapters explore the relation between exchange rates and other macroeconomic variables; risk sharing, allocation of capital across countries, and current account dynamics; and sovereign debt and financial crises. By addressing new issues while enabling deeper and sharper analyses of old issues, this volume makes a significant contribution to our understanding of the global economy. - Systematically illuminates and interprets recent developments in research on international trade and international macroeconomics - Focuses on newly developing questions and opportunities for future research - Presents multiple perspectives on ways to understand the global economy

Spatial Economics Volume II

Author : Stefano Colombo
Publisher : Springer Nature
ISBN 13 : 3030400948
Total Pages : 320 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Spatial Economics Volume II by : Stefano Colombo

Download or read book Spatial Economics Volume II written by Stefano Colombo and published by Springer Nature. This book was released on 2020-12-18 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Space is a crucial variable in any economic activity. Spatial Economics is the branch of economics that explicitly aims to incorporate the space dimension in the analysis of economic phenomena. From its beginning in the last century, Spatial Economics has contributed to the understanding of the economy by developing plenty of theoretical models as well as econometric techniques having the “space” as a core dimension of the analysis. This edited volume addresses the complex issue of Spatial Economics from an applied point of view. This volume is part of a more complex project including another edited volume (Spatial Economics Volume I: Theory) collecting original papers which address Spatial Economics from a theoretical perspective.

Intensive and extensive margins of India’s agricultural trade: Implications for export diversification and development

Author : Kannan, Elumalai
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4./5 ( download)

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Book Synopsis Intensive and extensive margins of India’s agricultural trade: Implications for export diversification and development by : Kannan, Elumalai

Download or read book Intensive and extensive margins of India’s agricultural trade: Implications for export diversification and development written by Kannan, Elumalai and published by Intl Food Policy Res Inst. This book was released on 2022-05-06 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses relative contribution of intensive and extensive margins to growth in India’s agricultural exports for the period 2001 to 2020. Two alternative approaches are employed to estimating export margins: the traditional approach of using export volume across product lines, and a robust method proposed by Hummels and Klenow (2005). The paper also examines the determinants of export margins through a standard gravity model. Traditional method of decomposing export growth shown that intensification of the export of existing products to existing destinations dominated export growth. The contribution of export diversification to export growth has remained subdued in the last two decades. Within the extensive margin, contribution of product diversification to export growth was more important than the contribution of geographic diversification. According to the Hummels and Klenow approach, during the 2001 to 2020 period, the extensive margin grew at 1.24 percent per annum, while the intensive margin increased at 0.23 percent. The contribution of growth at the extensive margin increased from 58.8 percent in 2001 to 70.2 percent in 2020. Gravity model results revealed that, among other variables, a positive and significant effect of free trade agreement on export margins. Broadly the study results point out that India’s exports along the extensive margin has not been fully exploited and that export diversification holds the key to higher export growth in agricultural products. There is wide scope for expansion of India’s agricultural exports through development of new product varieties and new markets.

The World Economy

Author : David Greenaway
Publisher : John Wiley & Sons
ISBN 13 : 1444343971
Total Pages : 275 pages
Book Rating : 4.4/5 (443 download)

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Book Synopsis The World Economy by : David Greenaway

Download or read book The World Economy written by David Greenaway and published by John Wiley & Sons. This book was released on 2011-09-07 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the seventeenth volume in an annual series in which leading economists provide a concise and accessible evaluation of major developments in trade and trade policy. Examines key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developments at the national level Provides up-to-date assessments of the World Trade Organization's current Trade Policy Reviews A vital resource for researchers, analysts and policy-advisors interested in trade policy and other open economy issues Analyses global trade policy in Turkey, China and The Dominican Republic, and a survey by Tarlok Singh questions whether international trade does cause economic growth Includes chapters exploring WTO issues, and a section on regional trading agreements

The Great Trade Collapse: Causes, Consequences and Prospects

Author : Richard E. Baldwin
Publisher : CEPR
ISBN 13 : 1907142061
Total Pages : 246 pages
Book Rating : 4.9/5 (71 download)

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Book Synopsis The Great Trade Collapse: Causes, Consequences and Prospects by : Richard E. Baldwin

Download or read book The Great Trade Collapse: Causes, Consequences and Prospects written by Richard E. Baldwin and published by CEPR. This book was released on 2009 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Cultural Differences and Economic Globalization

Author : Roger White
Publisher : Routledge
ISBN 13 : 1317485955
Total Pages : 291 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Cultural Differences and Economic Globalization by : Roger White

Download or read book Cultural Differences and Economic Globalization written by Roger White and published by Routledge. This book was released on 2015-10-23 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic globalization is the process of increased integration among nations, characterized and fostered by three elements of international trade- goods and services, international capital flows, and international migration. In recent decades, international economic integration has increased both in depth (more pronounced bilateral connections) and in breadth (connections have become more commonplace), thus, the global economy has become increasingly integrated. Societies receive tremendous net benefits from economic globalization, however, accessing these benefits may be limited by cross-societal cultural differences. This book examines cultural differences as a potential impediment to economic integration. Relying on rigorous statistical and econometric techniques, the analyses indicate that higher transaction costs, due to greater cultural distance, inhibit both the volume of trade flows and the successful completion of trade deals. Cultural distance appears to reduce foreign direct investment, as well as divert investment to less culturally-distant destinations. This book finds a negative relationship between migration flows and cultural distance. It considers the common criticism that repeated and intensified integration diminishes cultural differences, resulting in cultural homogeneity. This book offers the first comprehensive examination of the relationships between cross-societal cultural differences and economic globalization. It will be of great interest to scholars and students who study globalization, international economics, and cultural studies.