This paper surveys the measurement of trade costs: what we know and don't know but may
usefully attempt to learn. Partial and incomplete data on direct measures of costs go with …

Agricultural commodities are typically produced over an extensive spatial area and are
costly to transport relative to their total value. These characteristics yield a complex set of …

The central claim in this paper is that by explicitly introducing costs of international trade
(narrowly, transport costs, but more broadly, tariffs, nontariff barriers, and other trade costs) …

Much has been written by historians and sociologists as well as business commentators
about the modern economy—the kind that supplanted the traditional economy in several …

Originally propounded by the sixteenth-century scholars of the University of Salamanca, the
concept of purchasing power parity (PPP) was revived in the interwar period in the context of …

Asymmetric price transmission has been the subject of considerable attention in agricultural
economics. It is not only important because it may point to gaps in economic theory, but also …

This book presents an economic history of international capital mobility in the modern era. It
blends narrative and quantitative methods and connects economic outcomes to the …

This paper examines a two-regime vector error-correction model with a single cointegrating
vector and a threshold effect in the error-correction term. We propose a relatively simple …

In the last few decades exchange rate economics has seen a number of developments, with
substantial contributions to both the theory and empirics of exchange rate determination …

Recent empirical evidence suggests that the time series behavior of the real exchange rate
is well approximated by a nonlinear, exponential smooth transition autoregressive (ESTAR) …