G2TT
来源类型Discussion paper
规范类型论文
来源IDDP5788
DP5788 Evaluating the Foreign Ownership Wage Premium Using a Difference-in-Differences Matching Approach
Sourafel Girma; Holger Görg
发表日期2006-08-03
出版年2006
语种英语
摘要Recent evidence shows that the 'home bias puzzle' in international trade may be associated with the mere presence of national borders (McCallum (1995)). In this paper we provide a theoretical framework to explain why borders may matter so much for trade. Our argument is that even between perfectly integrated and similar countries the legal system differs, so that legal costs are higher when business is done abroad. Using a matching model of trade, we show that legal costs asymmetry produce home bias in an essentially different way than traditional trade costs. To estimate the relevance of legal costs in displacing trade we estimate gravity equations augmented with variables capturing the extent of legal asymmetries. Evidence from inter-national trade across OECD countries and intra-national trade across French support the view that legal asymmetries act as relevant obstacles to trade.
主题International Trade and Regional Economics ; Public Economics
关键词Legal costs Matching Cross-border trade
URLhttps://cepr.org/publications/dp5788
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/534622
推荐引用方式
GB/T 7714
Sourafel Girma,Holger Görg. DP5788 Evaluating the Foreign Ownership Wage Premium Using a Difference-in-Differences Matching Approach. 2006.
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