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http://hdl.handle.net/10908/18469
Título : | Trade costs : a natural experiment in South America |
Autor/a: | Pan, Carolina Inés |
Mentor/a: | Baldrich, Jorge |
Fecha de publicación : | oct-2019 |
Editor: | Universidad de San Andrés. Departamento de Economía |
Resumen : | This paper exploits a natural experiment in South America, the Pulp Mill Conflict, that introduced a time component to geographic distances to obtain accurate estimates of the elasticity of bilateral trade with respect to transport costs. Due to the construction of a pulp mill near a shared river, concerned Argentinian environmentalists blocked the main access to Uruguay as a (pacific) means of protest. As a result, the distances between Uruguay and several trading partners were temporarily extended. This distance shock presents a rare opportunity to include bilateral pair fixed effects in a gravity equation setting to account for all bilateral characteristics other than the time-varying distances. In addition, this paper exploits a unique database of both trade by land and actual land distances. The estimation results indeed show that the distance effect is much smaller (over 50% less) than the typical gravity model estimates, suggesting that the latter are overestimated and represent not just transport costs but also other country-pair characteristics. |
Descripción : | Fil: Pan, Carolina Inés. Universidad de San Andrés. Departamento de Economía; Argentina. |
URI : | http://hdl.handle.net/10908/18469 |
Aparece en las colecciones: | Tesis de Maestría en Economía |
Ficheros en este ítem:
Fichero | Tamaño | Formato | |
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[P][W] T.M. Eco. Pan, Carolina Inés.pdf | 2.27 MB | Adobe PDF | Visualizar/Abrir |
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