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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/18914
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| Title: | | Exploring the intensive and extensive margins of world trade  |
| Authors: | | Felbermayr, Gabriel J. Kohler, Wilhelm K. |
| Issue Date: | | 2004 |
| Series/Report no.: | | CESifo working papers 1276 |
| Abstract: | | 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. |
| Subjects: | | bilateral trade globalization gravity model |
| JEL: | | F12 F15 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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