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Exploring the intensive and extensive margins of world trade

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dc.creator Felbermayr, Gabriel J.
dc.creator Kohler, Wilhelm K.
dc.date 2004
dc.date.accessioned 2013-10-16T07:01:55Z
dc.date.available 2013-10-16T07:01:55Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18914
dc.identifier ppn:396511562
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18914
dc.description 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.
dc.language eng
dc.relation CESifo working papers 1276
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F12
dc.subject F15
dc.subject ddc:330
dc.subject bilateral trade
dc.subject globalization
dc.subject gravity model
dc.subject Außenwirtschaft
dc.subject Internationale Wirtschaftsbeziehungen
dc.subject Globalisierung
dc.subject Gravitationsmodell
dc.subject WTO-Beitritt
dc.subject Schätzung
dc.subject Welt
dc.title Exploring the intensive and extensive margins of world trade
dc.type doc-type:workingPaper


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