Trade Effects of the Euro: Evidence from Sectoral Data

Exchange Rate Regimes and the Extensive Margin of Trade

“…6. In contrast, Baldwin (2005) introduces exchange rate uncertainty in a more ad hoc manner by introducing the variance of exchange rates as a term in a firm loss function. Further, he does not study how uncertainty affects trade and entry by affecting price-setting decisions.…”

“…In related work, Baldwin, Skudelny, and Taglioni (2005) propose a model of how a reduction in exchange rate uncertainty under a currency union stimulates the extensive margin. Our paper differs in that it models the effect of uncertainty from first principles, tracing how it affects price setting and entry decisions.…”

Çekim Modeli Teorisi Literatür Analizi

“…Yeni ticaret anlaşmaları, Kuzey Amerika Serbest Ticaret Anlaşması (NAFTA) ve Dünya Ticaret Örgütü (WTO) gibi kuruluşlar da dahil olmak üzere bölgesel entegrasyonlar ve küresel ticaret politikalarının etkinliği birçok çalışmada çekim modeli ile test edilmiştir (Frankel,vd. 1997:1, Florenca, Marques-Ramos ve Recalde, 2015Baldwin & Taglioni, 2005:1, Montenegro ve Soloaga, 2006Liu, 2009: 428, Martines-Zaroso, Novak-Lehmann, Horsewood, 2009. Son çalışmalarda çekim modelleri endüstri içi ticaretin ölçülmesini araştırmak için de yaygın bir şekilde kullanılmakta olduğu görülmektedir (Wakasugi 2007: 26, Sunde, Chidoko ve Zivanomoyo, 2009.…”

Intra-Industry Trade between CESEE Countries and the EU15

“…This indicates that the catching-up process, the convergence of CESEE countries towards income and development levels of the EU15, should also generate further growth of IIT. 8 Second, as authors of the optimal currency areas 5 As pointed out by Fontagné and Freudenberg (1997), the story is even more complicated. Inter-industry trade can occur without comparative advantages (e.g.…”

“…Botric (2012); Botric (2013), Mardas and Nikas (2008a), Mardas and Nikas (2008b), however they use a lower disaggregation of data, which makes it rather difficult to compare their findings with ours. 8 See also theoretical argument referred to in the literature as "smooth adjustment hypothesis" (Jones 1971, Krugman 1979and 1981and Lancaster 1980. It argues that the economic integration is smoother and it implies lower transitional adjustment costs if it entails more IIT, as compared to specialisation in one-way trade.…”