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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18993Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Fazio, Giorgio | - |
| dc.creator | MacDonald, Ronald | - |
| dc.creator | Melitz, Jacques | - |
| dc.date | 2005 | - |
| dc.date.accessioned | 2013-10-16T07:02:20Z | - |
| dc.date.available | 2013-10-16T07:02:20Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/18993 | - |
| dc.identifier | ppn:500838127 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18993 | - |
| dc.description | In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to explaining the so-called Feldstein-Horioka puzzle. Using a gravity framework in an intertemporal context, we provide strong support for the hypothesis and we reconcile our results with the so-called home bias puzzle. Interestingly, this requires a fundamental revision of Obstfeld and Rogoff?s argument. A further novelty of our work is in tying bilateral trade behavior to desired aggregate trade balances and desired intertemporal trade. | - |
| dc.language | eng | - |
| dc.publisher | - | |
| dc.relation | CESifo working papers 1529 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | F32 | - |
| dc.subject | F10 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Feldstein-Horioka puzzle | - |
| dc.subject | trade costs | - |
| dc.subject | gravity model | - |
| dc.subject | home bias puzzle | - |
| dc.subject | current account | - |
| dc.subject | trade balance | - |
| dc.subject | Sparen | - |
| dc.subject | Investition | - |
| dc.subject | Internationale Kapitalmobilität | - |
| dc.subject | Außenwirtschaft | - |
| dc.subject | Transaktionskosten | - |
| dc.subject | Transportkosten | - |
| dc.subject | Schätzung | - |
| dc.subject | Gravitationsmodell | - |
| dc.subject | Welt | - |
| dc.title | Trade costs, trade balances and current accounts : an application of gravity to multilateral trade | - |
| dc.type | doc-type:workingPaper | - |
| dc.coverage | 1980-2000 | - |
| Appears in Collections: | EconStor | |
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