Understanding globalization through the lens of gravity / editor, Jeffrey H. Bergstrand (UNIVERSITY OF NOTRE DAME, USA).

Format:

Book

Contributor:

Bergstrand, Jeffrey H., editor.

Alumni and Friends Memorial Book Fund.

Language:

English

Subjects (All):

Gravity model of international trade.

Free trade.

Investments, Foreign--Law and legislation.

Investments, Foreign.

Treaties.

Physical Description:

lxvi, 355 pages ; 24 cm

Place of Publication:

Singapore ; Hackensack, NJ : World Scientific Publishing Co. Pte. Ltd., [2019]

Summary:

Since 1962, economists have used the 'gravity equation' in international trade to explain empirically bilateral international trade flows, and have since more recently adopted the gravity model to explain foreign direct investment stocks. Motivated by its empirical success, Jeffrey H. Bergstrand provided one of the earliest formal theoretical foundations for the gravity equation in international trade in 1985. Since then, the gravity equation has become a fundamental element of international trade theory, empirical work, and policy analysis, especially of the effects of economic integration agreements and tariffs on trade flows and welfare. Understanding Globalization Through the Lens of Gravity is a curated collection of Bergstrand's published papers over the 30 years since his first paper on the theme of gravity. In four parts, the 17 papers span topics such as the determinants of international trade flows, economic determinants of free trade agreements, estimating the effects of economic integration agreements on trade flows, and economic determinants of multinational firms' foreign direct investment stocks, foreign affiliate sales and governments' bilateral investment treaties.

Contents:

Part 1 Determinants of International Trade Flows p. 1

Chapter 1 The Gravity Equation in International Trade: Some Microeconomic Foundations and Empirical Evidence (Review of Economics and Statistics, August 1985, vol. 67, no. 3, 474-481) p. 3

Chapter 2 The Generalized Gravity Equation, Monopolistic Competition, and the Factor-Proportions Theory in International Trade (Review of Economics and Statistics, February 1989, vol. 71, no. 1, 143-153) p. 11

Chapter 3 The Heckscher-Ohlin-Samuelson Model, the Linder Hypothesis and the Determinants of Bilateral Intra-Industry Trade (Economic Journal, December 1990, vol. 100, no. 403, 1216-1229) p. 25

Chapter 4 The Growth of World Trade: Tariffs, Transport Costs, and Income Similarity (Journal of International Economics, February 2001, vol. 53, no. 1, 1-27) p. 39

Chapter 5 Bonus Vetus OLS: A Simple Method for Approximating International Trade-Cost Effects using the Gravity Equation (Journal of International Economics, February 2009, vo. 77, no. 1, 77-85) p. 67

Chapter 6 Gravity Redux: Estimation of Gravity-Equation Coefficients, Elasticities of Substitution, and General Equilibrium Comparative Statics under Asymmetric Bilateral Trade Costs (Journal of International Economics, January 2013, vol. 89, no. 1, 110-121) p. 77

Part 2 Determinants of Economic Integration Agreements p. 97

Chapter 7 Economic Determinants of Free Trade Agreements (Journal of International Economics, October 2004, vol. 64, no. 1, 29-63) p. 99

Chapter 8 Economic Determinants of Free Trade Agreements Revisited: Distinguishing Sources of Interdependence (Review of International Economics, February 2014, vol. 22, no. 1, 31-58) p. 139

Chapter 9 Economic Determinants of the Timing of Preferential Trade Agreement Formations and Enlargements (Economic Inquiry, January 2016, vol. 54, no. 1, 315-341) p. 167

Part 3 Estimating the Effects of Economic Integration Agreements p. 195

Chapter 10 Do Free Trade Agreements Actually Increase Members' International Trade? (Journal of International Economics, March 2007, vol. 71, no. 1, 72-95) p. 197

Chapter 11 Estimating the Effects of Free Trade Agreements on International Trade Flows using Matching Econometrics (Journal of International Economics, February 2009, vol. 77, no. 1, 63-76) p. 221

Chapter 12 Economic Integration Agreements and the Margins of International Trade (Journal of International Economics, July 2014, vol. 93, no. 2, 339-350) p. 235

Chapter 13 Economic Integration Agreements, Border Effects, and Distance Elasticities in the Gravity Equation (European Economic Review, August 2015, vol. 78, 307-327) p. 247

Part 4 Foreign Direct Investment, Foreign Affiliate Sales, and Multinational Enterprises, 269

Chapter 14 A Knowledge-and-Physical-Capital Model of International Trade Flows, Foreign Direct Investment, and Multinational Enterprises (Journal of International Economics, November 2007, vol. 73, no. 2, 278-308) p. 271

Chapter 15 Shouldn't Physical Capital Also Matter for Multinational Enterprise Activity? (Review of International Economics, November 2013, vol. 21, no. 5, 945-965) p. 313

Chapter 16 What Determines BITs? (Journal of International Economics, May 2013, vol. 90, no. 1, 107-122) p. 337.

Notes:

"A curated collection of Bergstrand's published papers over the 30 years since his first paper on the theme of gravity."

Includes bibliographical references.

Local Notes:

Acquired for the Penn Libraries with assistance from the Alumni and Friends Memorial Book Fund.

ISBN:

9789811202261

9811202265

OCLC:

1086079058