How wide is the border?
The international failure of the law of one price is investigated. Consumer price index data from US and Canadian cities for 14 consumer price categories are analyzed. Results show that distance and the border are key factors in explaining price dispersion across locations. The impact of border relative to distance is found to be highly significant. A major part of the border effect is attributed to nominal price stickiness, although the effect remains largely unexplained.
Publication Name: American Economic Review
Economic gains from technology-intensive trade: an empirical assessment
Economic research indicates that investments in technology do not always boost international trade performance. A study investigating the factors which affect economic performance with respect to productivity gains, international competitiveness, innovation and national technology investment is reviewed.
Publication Name: Cambridge Journal of Economics
Export Credit Guarantees, Moral Hazard and Exports Quality
Research shows that a government's ability to use export credit guarantees to boost trade is limited by its inability to verify product quality.
Publication Name: Bulletin of Economic Research
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