Gravity with scale effects

被引:24
作者
Anderson, James E. [1 ,2 ]
Vesselovsky, Mykyta [3 ]
Yotov, Yoto V. [4 ,5 ,6 ]
机构
[1] Boston Coll, Dept Econ, 140 Commonwealth Ave, Chestnut Hill, MA 02467 USA
[2] NBER, Cambridge, MA 02138 USA
[3] Global Affairs Canada, Ottawa, ON K1A 0G2, Canada
[4] Drexel Univ, Sch Econ, Philadelphia, PA 19104 USA
[5] CESifo Res Network, Munich, Germany
[6] Bulgarian Acad Sci, Econ Res Inst, Sofia, Bulgaria
关键词
Gravity; Exchange rates; Goods and services; TRADE; GEOGRAPHY; PRICES;
D O I
10.1016/j.jinteco.2016.03.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper extends the structural gravity model to incorporate scale effects and exchange rate passthrough. Bilateral scale effects in cross-border trade are inferred from the difference in distance elasticities between cross border and inter-provincial bilateral trade in a majority of 28 goods and services sectors for Canada's provinces. Bilateral-specific relationship investment is a possible explanation. Incomplete passthrough of large exchange rate changes from 1997 to 2007, amplified by scale effects, produces direct effects on bilateral trade for 12 of 19 goods sectors but none of 9 services sectors. (c) 2016 Elsevier B.V. All rights reserved.
引用
收藏
页码:174 / 193
页数:20
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