Transfers in the gravity equation
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONMetadatos
Título
Transfers in the gravity equationFecha de publicación
2021-03-23Editor
WILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ USACita bibliográfica
Kruse, Hendrik W; Martínez‐Zarzoso, Inmaculada. 2021. “Transfers in the Gravity Equation.” Canadian Journal of Economics, no. 0. https://doi.org/10.1111/caje.12500.Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://onlinelibrary.wiley.com/doi/10.1111/caje.12500Versión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Materia JEL
Resumen
This study integrates development aid into a theoretically founded structural gravity model that considers primary and secondary effects of aid as an income transfer and as a bilateral trade cost determinant. We ... [+]
This study integrates development aid into a theoretically founded structural gravity model that considers primary and secondary effects of aid as an income transfer and as a bilateral trade cost determinant. We identify the parameters of our model using a two-stage approach that includes a state-of-the-art Poisson pseudo-maximum likelihood gravity estimation for a sample of 132 countries over the period 1995 to 2012. The main findings indicate that bilateral aid only increases bilateral trade for countries that do not have a common language, a past colonial relationship or an RTA. On average, 1 USD of additional foreign aid from all donors increases recipients' net imports by around 0.36 USD. Our comparative statics indicate that donors experience a reduction in real consumption due to aid and recipients an increase. We also analyze the effect on third countries. The modelling framework also applies to the study of other transfers such as remittances. [-]
Publicado en
Canadian journal of economics , 2021, (0)Entidad financiadora
German Research Foundation (DFG) | Spanish Ministry of Economy and Competitiveness
Código del proyecto o subvención
ECO2017-83255-C3-3-P
Derechos de acceso
info:eu-repo/semantics/openAccess
Aparece en las colecciones
- ECO_Articles [696]
El ítem tiene asociados los siguientes ficheros de licencia: