Search results for "Regional trade"
showing 9 items of 9 documents
Does the GATT/WTO promote trade? After all, Rose was right
2019
This paper re-examines the effect of the GATT/WTO on trade using recent econometric developments that allow us estimating structural gravity equations with the Poisson pseudo-maximum likelihood (PPML) estimator on a large dataset that requires computing high-dimensional fixed effects. By doing so, we overcome computational limitations that are present in previous studies. In line with Rose’s (Am Econ Rev 94:98–114, 2004) seminal work, we find that, unlike regional trade agreements and currency unions, the GATT/WTO accession has not generated positive trade effects. This result is robust to the use of alternative measures of trade flows, across periods and country groups, to changes in the p…
The Reality of African Trade Integration—Challenges of Implementation
2021
In the course of their evolution on the stylized path of economic integration, African RECs face a number of implementation challenges, beginning with a range of typical domestication issues for trade agreements. A fundamental problem is that African regional trade arrangements (RTA) are all based on two GATT/WHO clauses which do not require full internal liberalization. The chapter analyses how RTA implementation on this basis has led to a general logic of exclusions and exemptions in Africa’s trade relations and traces how entrenched empirical practice meant to serve developmental purposes—protection of the weakest economic actors—often caters to vested interests. Inconsistency is aggrava…
Using CHARM to Adjust for Cross-hauling: The Case of the Province of Hubei, China
2015
Data for the Chinese province of Hubei are used to assess the performance of Kronenberg's Cross-Hauling Adjusted Regionalization Method (CHARM), a method that takes explicit account of cross-hauling when constructing regional input–output tables. A key determinant of cross-hauling is held to be the heterogeneity of commodities, which is estimated using national data. However, contrary to the authors’ findings for Finland, CHARM does not generate reliable estimates of Hubei's sectoral exports, imports and volume of trade, although it is more successful in estimating sectoral supply multipliers. The poor simulations of regional trade are attributed to the fact that Hubei is a relatively small…
Competitiveness and interregional as well as international trade: The case of Catalonia
2010
Recent years have seen a surge of interest among industrial organization economists in using data on international trade flows as windows into competitiveness. For countries that are at least mid sized (e g., Spain), interregional trade tends to be as large as or significantly larger than international trade. The case of Catalonia, a Spanish region, illustrates how ignoring interregional flows can lead to erroneous inferences about a region's external competitiveness. Accounting for Catalonia's interregional as well as international flows shifts what is generally assessed to be a chronic trade deficit in goods into a surplus and changes diagnoses of which Catalan sectors generate external s…
Capilaridad de la manufactura textil en la Plana de Castelló. El caso de Onda en el siglo XV
2010
Onda, a locality with an oscillating population between 300 and 600 dwellings in the 15th century and with Moslems and Jews in the local work, becomes a new piece of the puzzle that lets us see the capillarity of the wool textile manufacture in “La Plana de Castelló”. This capillarity can be seen in the production of clothes, just like in the raw material trade or in the movement of craftsmen. To approach this situation we have basically used the series of documents of the judge of the village kept in the “Archivo del Reino de Valencia”.<br><br>Onda, localidad con un volumen demográfico oscilante entre 300-600 fuegos en el transcurso del siglo XV, con presencia de mudéjares y ju…
Measuring the impact of regional export promotion: The Spanish case
2008
This article estimates the effect of Spanish regional trade agencies abroad on exports using the gravity model. The results indicate that regional agencies increase trade. The estimated impact seems to be larger than that of Spanish embassies and consulates. Moreover, a dis- aggregated analysis shows that this effect is not evenly distributed across Spanish regions. JEL classification: F14, R12
DESARROLLO ECONÓMICO DE UN PUEBLO LACUSTRE: CAPULHUAC, ESTADO DE MÉXICO
2017
Resumen Capulhuac se localiza en la Cuenca del Alto Lerma en el Estado de Mexico, en sus origenes prehispanicos mantuvo un desarrollo sociocultural y economico lacustre. Durante la epoca colonial la poblacion se dedico a la produccion y venta de pulque, a la cria de ganado menor, al comercio de estos productos y de los obtenidos de la cienaga. En la decada de 1940 comenzo la construccion del acueducto que dirige las aguas del Alto Lerma hacia el Distrito Federal, lo que disminuyo la cantidad de recursos lacustres para el sustento y el comercio, esto incremento la explotacion del maguey y la cria de ganado, para la elaboracion de pulque y la manufactura de prendas de lana, respectivamente. L…
The internationalisation of the Spanish food industry: the home market effect and European market integration
2015
<p>The objective of this study was to analyse, from a long-term perspective, the factors determining the process of the internationalisation of the Spanish agrifood industry. The paper concentrates on the empirical verification of the existence of a home market effect in the food and drink industries in Spain and on the effects on trade flows of integration into the European Union. With this aim in mind, we took into account the latest contributions to the estimation of the gravity equation for a sample of export flows from 13 agrifood subsectors between 1970 and 2012, with a destination of 175 markets. From the results of the study the existence of the “home market effect” stands out…
''Dual'' gravity: Using spatial econometrics to control for multilateral resistance.
2007
We propose a quantity-based `dual' version of the gravity equation that yields an estimating equation with both cross-sectional interdependence and spatially lagged error terms. Such an equation can be concisely estimated using spatial econometric techniques. We illustrate this methodology by applying it to the Canada-U.S. data set used previously, among others, by Anderson and van Wincoop (2003) and Feenstra (2002, 2004). Our key result is to show that controlling directly for spatial interdependence across trade flows, as suggested by theory, significantly reduces border effects because it captures `multilateral resistance'. Using a spatial autoregressive moving average specification, we …