Domestic trade costs are anecdotally high in the Philippines, and yet a systematic spatially comparable metric of is unavailable. This paper fills this gap by estimating province border effects, or province’s tendency to with itself rather than other provinces. Subsequently, effects maritime transport program based on roll-on roll-off (RORO) ships assessed. Using two novel datasets—the starting...

Preferential trade agreements (PTAs) have spread rapidly around the world since 1990s. In Americas, proliferation of with countries from within and beyond region resulted in a “spaghetti bowl” overlapping rules regulations, some which address behind-the-border issues such as investment, competition, labor, environmental standards. Earlier research has linked to increased foreign investment infl...

A country’s suitability for entry into a currency union depends on a number of economic conditions. These include, inter alia, the intensity of trade with other potential members of the currency union, and the extent to which domestic business cycles are correlated with those of the other countries. But international trade patterns and international business cycle correlations are endogenous. T...

A model of inward foreign direct investment for Australia is estimated. Foreign direct investment is found to be positively related to economic and productivity growth and negatively related to foreign portfolio investment, trade openness, the exchange rate and the foreign real interest rate. Foreign direct investment is found to be a substitute for both portfolio investment and trade in goods ...

This paper introduces a new model to capture the key stylized facts of firm price setting behavior in the open economy. At the firm level, producers adjust their domestic prices more frequently and fully in response to marginal cost shocks than for the same goods sold abroad. At the macro level, the terms of trade are less volatile than the real exchange rate and trade liberalization reduces ma...

The World Trade Web (WTW), the network defined by the international import/export trade relationships, has been recently shown to display some important topological properties which are tightly related to the Gross Domestic Product of world countries. While our previous analysis focused on the static, undirected version of the WTW, here we address its full evolving, directed description. This i...

The current view for the southern Levant is that wild game hunting was replaced by herd management over the course of the Pre-Pottery Neolithic B period, but there is significant debate over the timing, scale and origin of this transition. To date, most relevant studies focus either on wild game exploitation in the periods prior to domestication or on classic markers of domestication of domesti...

We develop a quantitative spatial model that incorporates a rich geography of trade costs and labor mobility with heterogeneous worker preferences across locations. We provide comparative statics for the unique equilibrium with respect to the primitives of the model. We show how the model can be used to undertake counterfactuals using only data in an initial equilibrium. In these counterfactual...

This paper aims to identify the main causes of recent trade flows in OECD countries. The specific features of the study include the explicit introduction of R&D and FDI as the two important explanatory variables, unit root tests in the panel data framework and careful treatment of endogeneity. The main findings are that the levels and similarities of market size, domestic R&D stock and inward F...