Peter Egger

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International agreements are an important element of the world economic system, but questions remain as to why they are necessary. In trade theory, the terms-of-trade hypothesis posits that countries use tariffs in part to improve their terms of trade and that trade agreements cause them to internalize the costs that such terms-of-trade shifts impose on(More)
  • Facundo Albornoz, Héctor F Calvo Pardo, Gregory Corcos, Emanuel Ornelas, W We, Costas Arkolakis +19 others
  • 2009
Firms need to incur substantial sunk costs to break in foreign markets, yet many give up exporting shortly after their rst experience, which typically involves very small sales. Conversely, other new exporters shoot up their foreign sales and expand to new destinations. We investigate a simple theoretical mechanism that can rationalize these patterns. A rm(More)
  • Christoph Moser, Andrew K Rose, Eth Zurich, Jeff Bergstrand, Christian Conrad, Mark Copelovitch +8 others
  • 2011
The consequences of regional trade agreements (RTAs) on countries' welfare are disputed. In this paper, we assess these effects using stock returns from a recent data set that spans over two hundred RTA announcements, eighty economies, and twenty years. We measure the effects of news concerning RTAs on the returns of national stock markets, after adjusting(More)
JEL classification: C22 C32 F31 F33 Keywords: Exchange rate regimes Bilateral trade Endogenous treatment effects Heterogeneous treatment effects Random coefficients a b s t r a c t This paper provides evidence of heterogeneous treatment effects on trade for six different types of exchange rate regime transitions, utilizing data on 218,643 country-pair-year(More)
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