G2TT
来源类型Discussion paper
规范类型论文
来源IDDP5981
DP5981 A Solution to Two Paradoxes of International Capital Flows
Shang-Jin Wei; Jiandong Ju
发表日期2006-12-03
出版年2006
语种英语
摘要This paper tests whether trade in new goods is partially responsible for the pro-trade effects of the euro and provides a measure of the size of the effect. It works with a very large data set (about 16 million observations) covering twenty countries at the most disaggregated level of trade data that is publicly available. Using predictions from a heterogeneous-firms trade model in a multi-country environment to structure our empirical model, we find that the euro had a positive impact on trade overall. Our findings provide supportive but not conclusive evidence for the new-goods hypothesis. We also determined the pro-trade effect of euro-usage on non-Euroland nations trading with euro-users. We confirmed the absence of trade diversion for non-Eurozone EU members with sizeable overall increase comparable to that of members.
主题International Macroeconomics ; International Trade and Regional Economics
关键词Heterogenous firms Eurozone trade effects Melitz model Extensive margin
URLhttps://cepr.org/publications/dp5981
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/534819
推荐引用方式
GB/T 7714
Shang-Jin Wei,Jiandong Ju. DP5981 A Solution to Two Paradoxes of International Capital Flows. 2006.
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