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Gravity for Dummies and Dummies for Gravity Equations
This paper provides a minimalist derivation of the gravity equation and uses it to identify three common errors in the literature, what we call the gold, silver and bronze medal errors. The paperExpand
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Firms and the Global Crisis: French Exports in the Turmoil
Global trade contracted quickly and severely during the global crisis. This paper uses a unique dataset of French firms to match export data to firm-level credit constraints and shows that most ofExpand
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Trade Effects of the Euro: a Comparison of Estimators
This paper provides a minimalist derivation of the gravity equation and uses it to identify three common errors in the literature, what we call the gold, silver and bronze medal errors. The paperExpand
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Gravity Chains: Estimating Bilateral Trade Flows When Parts and Components Trade is Important
Trade is measured on a gross sales basis while GDP is measured on a net sales basis, i.e. value added. The rapid internationalisation of production in the last two decades has meant that gross tradeExpand
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Making Global Value Chains Work for Development
Economic, technological, and political shifts as well as changing business strategies have driven firms to unbundle production processes and disperse them across countries. Thanks to these changes,Expand
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Trade Effects of the Euro: Evidence from Sectoral Data
This paper contributes to the literature on the impact of EMU on trade, adding two new elements. First, we propose a theoretical model for explaining how the euro could have increased trade by theExpand
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Study on the Impact of the Euro on Trade and Foreign Direct Investment
The introduction of the euro was the world's largest economic ‘experiment.' This experiment opens the door to a major advance in our understanding of how a common currency affects economicExpand
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The Gravity Model in International Trade
Since Jan Tinberben’s original formulation (Tinbergen 1962, Shaping the World Economy, The Twentieth Century Fund, New York), the empirical analysis of bilateral trade flows through the estimation ofExpand
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Joining, Upgrading and Being Competitive in Global Value Chains: A Strategic Framework
In recent years, global value chains have played an increasing role in business strategies, profoundly affecting international trade and development paradigms. Global value chains now represent aExpand
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Measuring and analyzing the impact of GVCs on economic development
Global value chains (GVCs) break up the production process so at different steps can be carried out in different countries. Today’s official statistical information systems, designed to measureExpand
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