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Title The missing globalization puzzle / David T. Coe [and others]
Published [Washington, D.C.] : International Monetary Fund, [2002]
©2002
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Description 1 online resource (29 pages) : illustrations
Series IMF working paper ; WP/02/171
IMF working paper ; WP/02/171
Summary The failure of declining trade-related costs to be reflected in estimates of the standard gravity model of bilateral trade might be called the "missing globalization puzzle." This puzzle is most apparent in the estimated distance coefficients found in the literature, which show no evidence of declining in absolute value over time. In contrast, we find evidence of globalization, on both cross-section and panel data, reflected in a variety of measures of geography. Our estimation procedure is consistent with recent theoretical developments that emphasize the importance of relative costs for determining bilateral trade patterns. But the main reason our findings differ from previous studies is our nonlinear specification, which has a number of advantages over the standard log-linear specification
Bibliography Includes bibliographical references (pages 27-29)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Globalization -- Costs -- Econometric models.
International trade -- Econometric models -- Costs.
Form Electronic book
Author International Monetary Fund. Asia and Pacific Department.
International Monetary Fund. Policy Development and Review Department.
International Monetary Fund. Research Department.
ISBN 1451903766
9781451903768