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https://hdl.handle.net/10419/18993
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Fazio, Giorgio | en |
dc.contributor.author | MacDonald, Ronald | en |
dc.contributor.author | Melitz, Jacques | en |
dc.date.accessioned | 2009-01-28T15:54:19Z | - |
dc.date.available | 2009-01-28T15:54:19Z | - |
dc.date.issued | 2005 | - |
dc.identifier.uri | http://hdl.handle.net/10419/18993 | - |
dc.description.abstract | In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that tradecosts are the key to explaining the so-called Feldstein-Horioka puzzle. Using a gravityframework in an intertemporal context, we provide strong support for the hypothesis and wereconcile our results with the so-called home bias puzzle. Interestingly, this requires afundamental revision of Obstfeld and Rogoff's argument. A further novelty of our work is intying bilateral trade behavior to desired aggregate trade balances and desired intertemporaltrade. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1529 | en |
dc.subject.jel | F32 | en |
dc.subject.jel | F10 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Feldstein-Horioka puzzle | en |
dc.subject.keyword | trade costs | en |
dc.subject.keyword | gravity model | en |
dc.subject.keyword | home bias puzzle | en |
dc.subject.keyword | current account | en |
dc.subject.keyword | trade balance | en |
dc.subject.stw | Sparen | en |
dc.subject.stw | Investition | en |
dc.subject.stw | Internationale Kapitalmobilität | en |
dc.subject.stw | Außenwirtschaft | en |
dc.subject.stw | Transaktionskosten | en |
dc.subject.stw | Transportkosten | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Gravitationsmodell | en |
dc.subject.stw | Welt | en |
dc.title | Trade costs, trade balances and current accounts : an application of gravity to multilateral trade | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 500838127 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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