The gravity model in international trade : advances and applications / edited by Peter A.G. van Bergeijk and Steven Brakman.

Format:

Book

Contributor:

Bergeijk, Peter A. G. van, 1959-

Brakman, Steven

John Lammey Stewart Memorial Library Fund.

Language:

English

Subjects (All):

International trade--Econometric models.

International trade.

Physical Description:

xiii, 358 pages : illustrations ; 24 cm

Place of Publication:

Cambridge ; New York : Cambridge University Press, 2010.

Summary:

"How do borders affect trade? Are cultural and institutional differences important for trade? Is environmental policy relevant to trade? How does one's income or wage relate to the fact that trade partners are nearby or far away?" "These are just some of the important questions that can be answered using the gravity model of international trade. This model predicts and explains bilateral trade flows in terms of the economic size of, and distance between, trading partners (e.g. states, regions, countries, trading blocs). In recent years, there has been a surge of interest in this model and it is now one of the most widely employed tools in applied international economics. This book traces the history of the gravity model and takes stock of recent methodological and theoretical advances, including new approximations for multilateral trade resistance, insightful analyses of the measurement of economic distance, and analyses of offoreign direct investment." ""Theoretical foundations and empirical estimation strategy of gravity models have significantly advanced over the last years. By tracing the history of this evolution and offering a rich sample of applications, this book will prove to be a very useful reference to both those new to the field and those in search of an up-to-date treatment of theoretical and methodological issues related to gravity models." Roberta Piermartini, Senior Economist, Economic Research and Statistics Division, WTO, Geneva"--BOOK JACKET.

Contents:

Introduction : the comeback of the gravity model / P.A.G. van Bergeijk and S. Brakman

A general equilibrium theory for estimating gravity equations of bilateral FDI, final goods trade, and intermediate trade flows / J.H. Bergstrand and P. Egger

The incidence of gravity / J.E. Anderson

Approximating general equilibrium impacts of trade liberalizations using the gravity equation : applications to NAFTA and the European Economic Area / S.L. Baier and J.H. Bergstrand

An extended gravity model with substitution applied to international trade / J.A. Bikker

Illusory border effects : distance mismeasurement inflates estimates of home bias in trade / K. Head and T. Mayer

Trade costs, market access, and economic geography : why the empirical specification of trade costs matters / E.M. Bosker and H. Garretsen

Intangible barriers to international trade : a sectoral approach / L.J. Möhlmann ... [et al.]

International environmental arrangements and international commerce / A.K. Rose and M.M. Spiegel

Diplomatic relations and trade reorientation in transition countries / E.R. Afman and M. Maurel

Economic and financial integration and the rise of cross-border M&As / S. Brakman ... [et al.]

The impact of economic geography on GDP per capita in OECD countries / H. Boulhol and A. de Serres.

Notes:

Includes bibliographical references and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the John Lammey Stewart Memorial Library Fund.

ISBN:

0521196159

9780521196154

OCLC:

496958933

Publisher Number:

99944055822