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Die Another Day: Duration in German Import Trade
Volker Nitsch,Volker Nitsch +1 more
TLDR
In this paper, the authors examine empirically the duration in German import trade at the 8-digit product level from 1995 to 2005 and find that survival probabilities are affected by product type, exporter characteristics and market structure.Abstract:
International trade patterns at the product level are surprisingly dynamic. The majority of trade relationships exist for just a few, often only two to four, years. In this paper, I examine empirically the duration in German import trade at the 8-digit product level from 1995 to 2005. I find that survival probabilities are affected by product type, exporter characteristics and market structure. Specifically, I show that the duration of exporting a product to Germany is longer for differentiated products, for products with a low elasticity of substitution, for products obtained from a large exporter that is geographically close to the German market, and for products in markets with increasing import demand.read more
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Relationship-Specificity, Incomplete Contracts, and the Pattern of Trade
TL;DR: This paper found that countries with good contract enforcement specialize in the production of goods for which relationship-specific investments are most important, and that contract enforcement explains more of the pattern of trade than physical capital and skilled labor.
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The role of extensive and intensive margins and export growth
Tibor Besedes,Thomas J. Prusa +1 more
TL;DR: In this paper, the authors investigate and compare countries' export growth based on their performance at the extensive and intensive export margins, and find that developing countries would experience significantly higher export growth if they were able to improve their performance with respect to the two key components of the intensive margin: survival and deepening.
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Income and happiness across Europe: do reference values matter?
TL;DR: The authors examined the link between income and subjective well-being using data from the European Social Survey (ESS) and found that reference income has a negative effect on individual wellbeing, a result consistent with the relative utility hypothesis.
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Flexicurity – Labour Market Performance in Denmark
TL;DR: In this paper, the authors argue that the workfare policies have played an important role running primarily via motivation/threat and wage effects, and although workfare reforms have improved cost effectiveness, there is still an issue as to whether the resources going into active labour market policies are used efficiently.
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Public Policies against Global Warming
TL;DR: In this paper, a gradual expansion of demand-reducing public policies such as increasing ad-valorem taxes on carbon consumption or increasing subsidies for replacement technologies may exacerbate the problem as it gives resource owners the incentive to avoid future price reductions by anticipating their sales.
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International Investment and International Trade in the Product Cycle
TL;DR: In this paper, the authors focus on international investment and international trade in the product cycle and argue that it is a mistake to assume that equal access to scientific principles in all the advanced countries means equal probability of the application of these principles in the generation of new products.
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Networks versus Markets in International Trade
TL;DR: In this article, the authors propose a network/search view of international trade in differentiated products and present evidence that supports the view that proximity and common language/colonial ties are more important for differentiated products than for products traded on organized exchanges in matching international buyers and sellers.
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Estimating Trade Flows: Trading Partners and Trading Volumes
TL;DR: In this paper, the impact of trade frictions on trade flows can be decomposed into the intensive and extensive margins, where the former refers to the trade volume per exporter and the latter referred to the number of exporters.
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Globalization and the Gains from Variety
TL;DR: This article showed that the import of new product varieties has contributed to national welfare gains in the United States over the last three decades (1972-2001) by increasing the number of imported product varieties by a factor of four.