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2008-11-05Diskussionspapier DOI: 10.18452/4157
When, How Fast and by How much do Trade Costs change in the EURO Area?
dc.contributor.authorHerwartz, Helmut
dc.contributor.authorWeber, Henning
dc.date.accessioned2017-06-15T23:48:42Z
dc.date.available2017-06-15T23:48:42Z
dc.date.created2008-12-03
dc.date.issued2008-11-05
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4809
dc.description.abstractMicrofoundations of the euro’s effect on euro area trade hinge on the timing, the speed and the size of adjustment in trade costs. We estimate timing, speed and size of adjustment in trade costs for sectoral trade data. Our approach allows for sector specific impacts of trade costs on sectoral trade while controlling for unobserved but time-variant variables at the sector level. We find that, due to falling trade costs, trade within the euro area increases between the years 2000 and 2003 by 10 to 20 percent compared with trade between European countries that are not members of the euro area. Adjustment of individual sectors is extremely fast whereas aggregate adjustment spreads out because different sectors adjust at distinct times.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectEuro trade effecteng
dc.subjectgravity modeleng
dc.subjectsmooth transitioneng
dc.subjectKalman filtereng
dc.subject.ddc330 Wirtschaft
dc.titleWhen, How Fast and by How much do Trade Costs change in the EURO Area?
dc.typeworkingPaper
dc.identifier.urnurn:nbn:de:kobv:11-10093640
dc.identifier.doihttp://dx.doi.org/10.18452/4157
local.edoc.pages35
local.edoc.type-nameDiskussionspapier
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-year2008
dc.identifier.zdb2195055-6
bua.series.nameSonderforschungsbereich 649: Ökonomisches Risiko
bua.series.issuenumber2008,65

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