| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3015 |
| DP3015 Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints | |
| Sven Rady; François Ortalo-Magné | |
| 发表日期 | 2001-10-16 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This Paper reports on four basic results of tests of the standard gravity equation. First, geography can serve to reflect comparative advantage as well as transportation costs. Second, the effect of distance on bilateral trade is mostly a substitution effect between closer and more distant trade partners rather than a scale effect on total foreign trade. Third, special political relationships, such as free trade agreements, former colonial attachments, and currency union, do not produce any trade diversion in the aggregate, but increase trade with outsiders as well as among the parties to the relationship. Fourth, Rose?s surprisingly high estimate of the impact of currency union on trade stems partly from a selection bias, but even following a correction for this bias, the estimate remains high. |
| 主题 | International Macroeconomics ; International Trade and Regional Economics |
| 关键词 | Gravity Geography Bilateral trade Free trade area Trade diversion Trade creation Monetary union |
| URL | https://cepr.org/publications/dp3015 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532027 |
| 推荐引用方式 GB/T 7714 | Sven Rady,François Ortalo-Magné. DP3015 Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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