Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/27672 
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Economics Working Paper No. 2008-17
Verlag: 
Kiel University, Department of Economics, Kiel
Zusammenfassung: 
Microfoundations 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.
JEL: 
F42
F13
F33
C33
C31
F15
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
797.23 kB





Publikationen in EconStor sind urheberrechtlich geschützt.