Arbeitspapier

Exploring the intensive and extensive margins of world trade

World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time (intensive margin). But trade may also increase if a trading bilateral relationship is newly established between countries that have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II growth in manufacturing world trade along these two margins. We propose a ?cornersolutions- version? of the gravity model to explain movements on both margins. A Tobit estimation of this model resolves the so-called ?distance-puzzle?. It also finds more convincing evidence than recent literature that WTO-membership enhances trade.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 1276

Klassifikation
Wirtschaft
Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
Economic Integration
Thema
bilateral trade
globalization
gravity model
Außenwirtschaft
Internationale Wirtschaftsbeziehungen
Globalisierung
Gravitationsmodell
WTO-Beitritt
Schätzung
Welt

Ereignis
Geistige Schöpfung
(wer)
Felbermayr, Gabriel J.
Kohler, Wilhelm K.
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2004

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Felbermayr, Gabriel J.
  • Kohler, Wilhelm K.
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2004

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