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  1. Consequences of FTA withdrawal
    evidence from "Uxit"
    Erschienen: January 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We use a unique case study to estimate the effect of withdrawing from a free trade agreement on international trade. Lately, the political opposition to international economic cooperation has been on the rise, but little is known about how the... mehr

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    We use a unique case study to estimate the effect of withdrawing from a free trade agreement on international trade. Lately, the political opposition to international economic cooperation has been on the rise, but little is known about how the withdrawal from a trade agreement affects trade. We analyze a quasi-natural experiment to provide first empirical evidence. In 2004, Estonia joined the European Union, which mandated that it withdraws from its FTA with Ukraine ("Uxit"). Based on the gravity model of international trade, we provide evidence from triple difference-in-differences as well as PPML panel estimations that trade volumes between Estonia and Ukraine fell by more than 20%. We find that withdrawing an FTA revokes all benefits and that no institutional memory is left behind. General equilibrium estimates suggest that FTA withdrawal led to a noticeable loss in welfare of members.

     

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    hdl: 10419/232456
    Schriftenreihe: CESifo working paper ; no. 8859 (2021)
    Schlagworte: free trade agreement; withdrawal; gravity; European Union; Estonia; Ukraine
    Umfang: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  2. Consequences of FTA withdrawal
    evidence from "Uxit"
    Erschienen: [2021]
    Verlag:  Wirtschaftswissenschaftliche Fakultät der Leibniz Universität Hannover, [Hannover]

    We use a unique case study to estimate the effect of withdrawing from a free trade agreement on international trade. Lately, the political opposition to international economic cooperation has been on the rise, but little is known about how the... mehr

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    We use a unique case study to estimate the effect of withdrawing from a free trade agreement on international trade. Lately, the political opposition to international economic cooperation has been on the rise, but little is known about how the withdrawal from a trade agreement affects trade. We analyze a quasi-natural experiment to provide first empirical evidence. In 2004, Estonia joined the European Union, which mandated that it withdraws from its FTA with Ukraine ('Uxit'). Based on the gravity model of international trade, we provide evidence from triple difference-in-differences as well as PPML panel estimations that trade volumes between Estonia and Ukraine fell by more than 20%. We find that withdrawing an FTA revokes all benefits and that no institutional memory is left behind. General equilibrium estimates suggest that FTA withdrawal led to a noticeable loss in welfare of members.

     

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    hdl: 10419/235229
    Schriftenreihe: Hannover economic papers (HEP) / Wirtschaftswissenschaftliche Fakultät der Leibniz Universität Hannover ; Nummer: 681 (Jan 2021)
    Schlagworte: free trade agreement; withdrawal; gravity; European Union; Estonia; Ukraine
    Umfang: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  3. Externalities of extreme natural disasters on local tax capacity
    Erschienen: 2021
    Verlag:  Banco de la República Colombia, Centro de Estudios Económicos Regionales (CEER), Cartagena

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    Schriftenreihe: Documentos de trabajo sobre economía regional y urbana ; no. 299 (julio, 2021)
    Schlagworte: tax revenue; natural disasters; gravity; externalities
    Umfang: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  4. Local global watchdogs: trade, sourcing and the internationalization of social activism
    Erschienen: [2021]
    Verlag:  Universität Passau, Wirtschaftswissenschaftliche Fakultät, [Passau]

    International NGO campaigns criticizing firms for infringements along their internationalized value chains are a salient feature of economic globalization. We argue that understanding the international patterns of NGO campaigns requires accounting... mehr

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    International NGO campaigns criticizing firms for infringements along their internationalized value chains are a salient feature of economic globalization. We argue that understanding the international patterns of NGO campaigns requires accounting for the geography of their targets' economic activities. We propose a model of global sourcing and international trade in which heterogeneous NGOs campaign against heterogeneous firms in response to infringements along their international value chains. We find that campaigns are determined by a triadic gravity equation where all three bilateral trade costs matter for NGO campaigns. Importantly, the sourcing trade costs between the supplier and the firm, which do not involve the country of the NGO, shape the patterns of NGO campaigns through their effect on the sourcing decision of firms. We use recently available data on NGO campaigns to estimate our triadic gravity equation and find strong support for this prediction.

     

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    hdl: 10419/248250
    Auflage/Ausgabe: This Version: November 2021
    Schriftenreihe: Array ; Nr. V-86 (21)
    Schlagworte: international trade; international sourcing; gravity; NGOs; campaigns; social activism
    Umfang: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  5. Love of variety and gains from trade
    Erschienen: December 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    This paper shows how gains from trade are conditioned by love of variety, defined as the extent to which an additional product variety generates benefits in either final or intermediate consumption. We develop a multi-country, multi-sector gravity... mehr

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    This paper shows how gains from trade are conditioned by love of variety, defined as the extent to which an additional product variety generates benefits in either final or intermediate consumption. We develop a multi-country, multi-sector gravity trade model where love of variety is parameterized separately from product substitutability using a generalized CES demand function, and show analytically how gains from trade depend on love of variety through different channels that we identify and interpret. In this context, except for very specific parameterizations, gains from trade differ between a heterogeneous- and a homogeneous-firm model. Counterfactual simulations based on a calibrated version of this model show that, all other things being equal, the assessed gains from trade commonly vary by a proportion of one to three depending on the value of the love-of-variety elasticity, in a way that differs significantly across countries. Trade war simulations also point to the strong sensitivity of the assessed impacts. We conclude that love of variety is a key determinant of the gains from trade, an aspect that has so far been overlooked for the sake of convenience in the modeling framework and due to lack of empirical estimates.

     

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    hdl: 10419/249005
    Schriftenreihe: CESifo working paper ; no. 9460 (2021)
    Schlagworte: international trade; firm heterogeneity; gains from trade; gravity; love of variety
    Umfang: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  6. Building bridges
    bilateral manager connections and international trade
    Erschienen: December 2021
    Verlag:  University of Münster, CIW - Center for Interdisciplinary Economics, Münster

    We investigate whether top managers with personal ties to a foreign country facilitate trade with that country by overcoming bilateral trade barriers that obstruct international business relationships. Using individual managers' nationality, we... mehr

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    We investigate whether top managers with personal ties to a foreign country facilitate trade with that country by overcoming bilateral trade barriers that obstruct international business relationships. Using individual managers' nationality, we construct a novel database of bilateral top manager connections. We analyze the trade effects of these bilateral manager connections both on the firm and on the country level. On the country level, we provide evidence for a positive effect on both bilateral exports and imports. On the firm level, we find positive effects on destination-specific foreign sales. We show that this firm-level effect is especially pronounced for institutionally distant destinations, which we interpret as bridging the gap between institutionally dissimilar countries. Furthermore, the effect is stronger for destinations with less developed institutions indicating that manager connections help overcoming trade barriers created by low institutional quality. Moreover, we show that the strength of this effect also depends on characteristics of the individual manager. Namely, the effect differs between connections of male and female managers. Gender discriminating institutions in the destination country severely downsize the pro-trade effect of female managers' connections, which could give rise to an unintended importing of gender inequality regarding management positions.

     

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    hdl: 10419/248714
    Schriftenreihe: Discussion paper / Center for Interdisciplinary Economics ; 2021, 4
    Schlagworte: International trade; gravity; international business; board composition; institutions; gender equality
    Umfang: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  7. Specialization, market access and real income
    Erschienen: December, 2020
    Verlag:  Research Seminar in International Economics, Gerald R. Ford School of Public Policy, the University of Michigan, Ann Arbor, Michigan

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    Schriftenreihe: Discussion paper / Research Seminar in International Economics, Gerald R. Ford School of Public Policy, the University of Michigan ; no. 679
    Schlagworte: trade specialization; real income; gravity; k-means clustering
    Umfang: 1 Online-Ressource (circa 75 Seiten), Illustrationen
  8. Local global watchdogs
    trade, sourcing and the internationalization of social activism
    Erschienen: May 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    NGO campaigns against firms with value chains involving production in developing and emerging economies are a salient feature of economic globalization. What determines the patterns of the internationalization of NGO campaigns? Stylized facts... mehr

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    NGO campaigns against firms with value chains involving production in developing and emerging economies are a salient feature of economic globalization. What determines the patterns of the internationalization of NGO campaigns? Stylized facts obtained from recently available data containing 102 532 campaigns by 4 343 NGOs targeting 11 429 firms from 145 countries guide our theoretical analysis. We propose a model of global sourcing and international trade in which heterogeneous NGOs campaign against heterogeneous firms in response to infringements along their international value chains. We find that campaigns are determined by a triadic gravity equation, i.e. bilateral trade costs between the country of the NGO, the country of the firm and the sourcing country affect campaigns. Most notably, the latter implies that by advancing the internationalization of production, falling trade costs boost the internationalization of NGO campaigns. We use our data to estimate the NGO level triadic gravity equation implied by our model and find strong support for our predictions.

     

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    hdl: 10419/235438
    Schriftenreihe: CESifo working paper ; no. 9068 (2021)
    Schlagworte: international trade; international sourcing; gravity; NGOs; campaigns; social activism
    Umfang: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  9. Creativity over time and space
    a historical analysis of European cities
    Erschienen: March 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Creativity is often highly concentrated in time and space, and across different domains. What explains the formation and decay of clusters of creativity? We match data on notable individuals born in Europe between the XIth and the XIXth century with... mehr

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    Creativity is often highly concentrated in time and space, and across different domains. What explains the formation and decay of clusters of creativity? We match data on notable individuals born in Europe between the XIth and the XIXth century with historical city data. The production and attraction of creative talent is associated with city institutions that protected economic and political freedoms and promoted local autonomy. Instead, indicators of local economic conditions such as city size and real wages, do not predict creative clusters. We also show that famous creatives are spatially concentrated and clustered across disciplines, that their spatial mobility has remained stable over the centuries, and that creative clusters are persistent but less than population.

     

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    hdl: 10419/235343
    Schriftenreihe: CESifo working paper ; no. 8973 (2021)
    Schlagworte: innovation; agglomeration; political institutions; immigration; gravity; human capital
    Umfang: 1 Online-Ressource (circa 85 Seiten), Illustrationen
  10. The gravitational constant?
    Erschienen: [2020]
    Verlag:  University of Oxford, [Oxford, United Kingdom]

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    Schriftenreihe: Oxford economic and social history working papers ; number 184 (October 2020)
    Schlagworte: Distance; empire; gravity
    Umfang: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  11. Firms under pressure: international trade and social activism
    Erschienen: [2022]
    Verlag:  Universität Passau, Wirtschaftswissenschaftliche Fakultät, [Passau]

    Activists denouncing firms for what they consider unethical conduct (e.g., poor treatment of labor or practices that are harmful to the environment) often pressure firms through consumer boycotts. This paper presents a model of international trade... mehr

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    Activists denouncing firms for what they consider unethical conduct (e.g., poor treatment of labor or practices that are harmful to the environment) often pressure firms through consumer boycotts. This paper presents a model of international trade with heterogeneous firms and endogenous campaigns conducted by social activists. Being the target of campaigns damages the reputation of a firm, reducing the perceived quality and therefore sales of its variety. Campaigns require funding by consumers who support the activists' mission. The paper analyzes the effect of such demand-reducing campaigns on firms. It identifies a feedback effect of campaigns that increases mark-ups in the presence of social activism, which stems from large firms attracting more campaigns while campaigns also decrease sales. The paper further shows that social activism reduces the elasticity of bilateral trade flows with respect to trade costs.

     

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    hdl: 10419/251767
    Schriftenreihe: Array ; Nr. V-87 (22)
    Schlagworte: international trade; heterogeneous firms; gravity; consumer boycotts; NGOs; campaigns; social activism
    Umfang: 1 Online-Ressource (circa 45 Seiten)
  12. Trade, policy, and economic development in the digital economy
    Erschienen: March 2022
    Verlag:  U.S. International Trade Commission, Washington, DC

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    Schriftenreihe: Economics working paper series / U.S. International Trade Commission ; no. 2022, 03-D
    Schlagworte: Digital trade; gravity; internet; development; data policies; international trade; domestic trade,services; extensive margin
    Umfang: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  13. Nemo propheta in patria
    empirical evidence from Italy
    Erschienen: March 2022
    Verlag:  Fondazione Eni Enrico Mattei, Milano, Italia

    In recent years, young brain drain within Italian provinces has increased at higher speed than ever. While is premature to assess whether this process is transitory or permanent, it should be analysed and monitored by researchers and policy makers... mehr

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    In recent years, young brain drain within Italian provinces has increased at higher speed than ever. While is premature to assess whether this process is transitory or permanent, it should be analysed and monitored by researchers and policy makers for its many socio-economic consequences. Previous empirical studies have demonstrated that Italian net skilled migration is influenced by economic factors, such as income per capita and employment, and, with a less extent, by the search of places endowed with more amenities. In the crossroad between these factors, this paper investigates corruption as key element of the Italian skilled mobility. To this end, a comprehensive framework with Zero-Inflated Poisson and Pseudo-Poisson Maximum Likelihood with High Dimensional Fixed Effects models for bilateral data on the Italian students' flows is used. Results suggest the dual role of push and pull mechanisms at play, as high corruption incentivizes Italian skilled mobility to destinations that, instead, exhibit lower corruption. Moreover, sensitivity of the prospective tertiary students to corruption varies according to their field of study of interest. Finally, empirical evidence on skilled flows from the lagging Mezzogiorno to the North of Italy, suggests that the push and pull effects of corruption stir up the endurance of the well-known socio-economic dualism between these two parts of the country.

     

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    hdl: 10419/263898
    Schriftenreihe: Working paper / Fondazione Eni Enrico Mattei ; 2022, 10
    Schlagworte: brain drain; corruption; panel data; gravity; zip; ppmlhdfe
    Umfang: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  14. Gravity-based tools for assessing the impact of tariff changes
    Erschienen: [2022]
    Verlag:  Asian Development Bank, Metro Manila, Philippines

    This paper presents two empirical tools to quantify the impacts of tariff changes on bilateral trade and welfare. Both tools are rooted in the structural gravity literature. The first tool estimates the impact of tariff changes on bilateral trade for... mehr

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    This paper presents two empirical tools to quantify the impacts of tariff changes on bilateral trade and welfare. Both tools are rooted in the structural gravity literature. The first tool estimates the impact of tariff changes on bilateral trade for 5,020 products in a partial equilibrium framework. The second tool quantifies the impact on bilateral aggregate trade in a general equilibrium setup, allowing estimates of trade reallocation and welfare changes. These tools are used to estimate the impact of tariff changes affecting Armenia, including (i) the alignment with the external tariff of the Eurasian Economic Union, (ii) free trade agreements between the Eurasian Economic Union, and other economies-Iran and the People's Republic of China, and (iii) the loss of beneficiary status for the Generalised Scheme of Preferences of the European Union.

     

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    hdl: 10419/259487
    Schriftenreihe: ADB economics working paper series ; no. 649 (February 2022)
    Schlagworte: gravity; Eurasian Economic Union; free trade agreements; generalised scheme of preferences; Armenia
    Umfang: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  15. COVID-19 and services trade in ASEAN+6
    implications and estimates from structural gravity
    Erschienen: April 2021
    Verlag:  Economic Research Institute for ASEAN and East Asia, [Jakarta]

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    Schriftenreihe: ERIA discussion paper series ; ERIA-DP-2021-02 = no. 369
    Schlagworte: COVID-19; services trade; ASEAN; RCEP; STRI; gravity; greenfield investment
    Umfang: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  16. Trade persistence and trader identity
    evidence from the demise of the Hanseatic League
    Erschienen: [2022]
    Verlag:  Centre for Economic Performance, London School of Economics and Political Science, London

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    Schriftenreihe: Discussion paper / Centre for Economic Performance ; no. 1828 (February 2022)
    Schlagworte: Hanseatic League; Hansa; gravity
    Umfang: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  17. Quantifying the extensive margin(s) of trade
    the case of uneven European integration
    Erschienen: June 2022
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We propose a short-run theory of the extensive margins of trade, comprising the standard international extensive margin and a novel domestic extensive margin. The domestic extensive margin allows identification of globalization and specific policy... mehr

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    We propose a short-run theory of the extensive margins of trade, comprising the standard international extensive margin and a novel domestic extensive margin. The domestic extensive margin allows identification of globalization and specific policy effects not properly identified in previous literature. To apply our methods, we build a new dataset covering both the cross-border and domestic extensive margins for 35 countries, 1995-2014. We deploy it to quantify the extensive margins effects of globalization and European integration. We find strong positive effects of globalization and also significant but highly asymmetric effects of European integration in favor of more developed EU members.

     

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    hdl: 10419/263752
    Schriftenreihe: CESifo working paper ; no. 9822 (2022)
    Schlagworte: extensive margin; domestic extensive margin; globalization; EU; gravity
    Umfang: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  18. Barriers to global capital allocation
    Erschienen: May 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium model with heterogeneous investors and imperfect capital mobility. Our model yields a gravity equation for bilateral foreign asset... mehr

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    We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium model with heterogeneous investors and imperfect capital mobility. Our model yields a gravity equation for bilateral foreign asset positions. We estimate this gravity equation using recently developed foreign investment data that have been restated to account for offshore investment and financing vehicles. We show that a parsimonious implementation of the model with four barriers (geographic distance, cultural distance, foreign investment taxation, and political risk) accounts for a large share of the observed variation in bilateral foreign investment positions. Our model predicts (out of sample) a significant home bias, higher rates of return on capital in emerging markets, as well as "upstream" capital flows. In our benchmark calibration, we estimate that the capital misallocation induced by these barriers reduces World GDP by 7%, compared to a situation without barriers. We also find that barriers to global capital allocation contribute significantly to cross-country inequality: the standard deviation of log capital per employee is 80% higher than it would be in a world without barriers to international investment, while the dispersion in output per employee is 42% higher.

     

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    hdl: 10419/235456
    Schriftenreihe: CESifo working paper ; no. 9086 (2021)
    Schlagworte: capital allocation; capital flows; foreign investment; culture; geography; gravity; international macroeconomics; international finance; misallocation; open economy
    Umfang: 1 Online-Ressource (circa 65 Seiten), Illustrationen
  19. Trade in times of uncertainty
    Erschienen: February 2023
    Verlag:  CESifo, Munich, Germany

    This paper analyses the direct and indirect trade volume and trade cost effects of uncertainty on international trade and economic welfare using a structural gravity framework for a panel of 97 developed and developing countries from 2000 to 2018.... mehr

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    This paper analyses the direct and indirect trade volume and trade cost effects of uncertainty on international trade and economic welfare using a structural gravity framework for a panel of 97 developed and developing countries from 2000 to 2018. Our results suggest that an increase in unilateral uncertainty affects average trade costs in a heterogeneous manner, depending on whether the uncertainty originates from the importing or exporting country. Moreover, using a cross-sectional gravity approach, we show that an uncertainty shock directly reduces cross-border trade flows. The paper illustrates the suitability of the proposed modeling approach by means of two counterfactual scenario analyses in which we calculate the general equilibrium trade and welfare effects of uncertainty induced by the unexpected outcome of the Brexit referendum in 2016 and the outbreak of the COVID-19 pandemic in 2020.

     

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    Sprache: Englisch
    Medientyp: Buch (Monographie)
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    Weitere Identifier:
    hdl: 10419/271928
    Schriftenreihe: CESifo working papers ; 10284 (2023)
    Schlagworte: international trade; trade costs; gravity; uncertainty; counterfactual scenario; analysis; Brexit; Covid-19
    Umfang: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  20. Trade blocs and trade wars during the interwar period
    Erschienen: [2019]
    Verlag:  Centre for Economic Performance, London School of Economics and Political Science, London

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    Quelle: Verbundkataloge
    Sprache: Englisch
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    Format: Online
    Schriftenreihe: CEP discussion paper ; no 1620 (May 2019)
    Schlagworte: Commonwealth; distance; gravity; interwar period; trade blocs; trade wars
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  21. Cross-border patenting, globalization, and development
    Erschienen: December 2023
    Verlag:  CESifo, Munich, Germany

    We build a stylized model that captures the relationships between cross-border patenting, globalization, and development. Our theory delivers a gravity equation for cross-border patents. To test the model's predictions, we compile a new dataset that... mehr

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    We build a stylized model that captures the relationships between cross-border patenting, globalization, and development. Our theory delivers a gravity equation for cross-border patents. To test the model's predictions, we compile a new dataset that tracks patents within and between countries and industries, for 1980-2019. The econometric analysis reveals a strong, positive impact of policy and globalization on cross-border patent flows, especially from North to South. A counterfactual welfare analysis suggests that the increase in patent flows from North to South has benefited both regions, with South gaining more than North post-2000, thus lowering real income inequality in the world.

     

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    Weitere Identifier:
    hdl: 10419/282538
    Schriftenreihe: CESifo working papers ; 10850 (2023)
    Schlagworte: cross-border patents; gravity; policy; globalization; development
    Umfang: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  22. The carbon footprint of global trade imbalances
    Erschienen: October 2023
    Verlag:  Julius-Maximilians-Universität Würzburg, Volkswirtschaftliches Institut, Würzburg

    International trade is highly imbalanced both in terms of values and in terms of embodied carbon emissions. We show that the persistent current value trade imbalance patterns contribute to a higher level of global emissions compared to a world of... mehr

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    International trade is highly imbalanced both in terms of values and in terms of embodied carbon emissions. We show that the persistent current value trade imbalance patterns contribute to a higher level of global emissions compared to a world of balanced international trade. Specifically, we build a Ricardian quantitative trade model including sectoral input-output linkages, trade imbalances, fossil fuel extraction, and carbon emissions from fossil fuel combustion and use this framework to simulate counterfactual changes to countries' trade balances. For individual countries, the emission effects of removing their trade imbalances depend on the carbon intensities of their production and consumption patterns, as well as on their fossil resource abundance. Eliminating the Russian trade surplus and the US trade deficit would lead to the largest environmental benefits in terms of lower global emissions. Globally, the simultaneous removal of all trade imbalances would lower world carbon emissions by 0.9 percent or 295 million tons of carbon dioxide.

     

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    hdl: 10419/279808
    Schriftenreihe: Würzburg economic papers ; 108
    Schlagworte: Carbon emissions; international trade; gravity
    Umfang: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  23. The carbon footprint of global trade imbalances
    Erschienen: [2023]
    Verlag:  Kiel Institute for the World Economy, [Kiel]

    International trade is highly imbalanced both in terms of values and in terms of embodied carbon emissions. We show that the persistent current value trade imbalance patterns contribute to a higher level of global emissions compared to a world of... mehr

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    International trade is highly imbalanced both in terms of values and in terms of embodied carbon emissions. We show that the persistent current value trade imbalance patterns contribute to a higher level of global emissions compared to a world of balanced international trade. Specifically, we build a Ricardian quantitative trade model including sectoral input-output linkages, trade imbalances, fossil fuel extraction, and carbon emissions from fossil fuel combustion and use this framework to simulate counterfactual changes to countries’ trade balances. For individual countries, the emission effects of removing their trade imbalances depend on the carbon intensities of their production and consumption patterns, as well as on their fossil resource abundance. Eliminating the Russian trade surplus and the US trade deficit would lead to the largest environmental benefits in terms of lower global emissions. Globally, the simultaneous removal of all trade imbalances would lower world carbon emissions by 0.9 percent or 295 million tons of carbon dioxide.

     

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    Weitere Identifier:
    hdl: 10419/280404
    Schriftenreihe: Kiel working paper ; no. 2260 (November 2023)
    Schlagworte: Carbon emissions; international trade; gravity
    Umfang: 1 Online-Ressource (circa 52 Seiten)
  24. The carbon footprint of global trade imbalances
    Erschienen: October 2023
    Verlag:  CESifo, Munich, Germany

    International trade is highly imbalanced both in terms of values and in terms of embodied carbon emissions. We show that the persistent current value trade imbalance patterns contribute to a higher level of global emissions compared to a world of... mehr

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    DS 63
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    International trade is highly imbalanced both in terms of values and in terms of embodied carbon emissions. We show that the persistent current value trade imbalance patterns contribute to a higher level of global emissions compared to a world of balanced international trade. Specifically, we build a Ricardian quantitative trade model including sectoral input-output linkages, trade imbalances, fossil fuel extraction, and carbon emissions from fossil fuel combustion and use this framework to simulate counterfactual changes to countries' trade balances. For individual countries, the emission effects of removing their trade imbalances depend on the carbon intensities of their production and consumption patterns, as well as on their fossil resource abundance. Eliminating the Russian trade surplus and the US trade deficit would lead to the largest environmental benefits in terms of lower global emissions. Globally, the simultaneous removal of all trade imbalances would lower world carbon emissions by 0.9 percent or 295 million tons of carbon dioxide.

     

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    Weitere Identifier:
    hdl: 10419/282417
    Schriftenreihe: CESifo working papers ; 10729 (2023)
    Schlagworte: carbon emissions; international trade; gravity
    Umfang: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  25. Preferential trade agreements, intellectual property rights and third-country trade
    assessing the impacts of the new multilateralism
    Autor*in: Ridley, William
    Erschienen: November 2018
    Verlag:  Department of Economics, University of Colorado Boulder, Boulder, Colorado

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    Auflage/Ausgabe: Revised November 2018
    Schriftenreihe: Discussion papers in economics / Department of Economics, University of Colorado Boulder ; no. 18, 03
    Schlagworte: Preferential trade agreements; intellectual property rights; third-country trade; gravity
    Umfang: 1 Online-Ressource (circa 68 Seiten), Illustrationen