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Keyword: aggregation;
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One of the most successful empirical relationships in international trade is the gravity equation, which relates bilateral trade flows between an origin and destination to bilateral trade frictions, origin characteristic...Read more...
Stephen J. Redding and David E. Weinstein
16 January 2019
This paper asks whether Germany was ever an economically integrated area. I explore the geography of trade costs in a new data set of about 40,000 observations on regional trade flows within and across the borders of Ger...Read more...
Nikolaus Wolf
May 2008
This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random...Read more...
Melvyn Coles and Barbara Petrongolo
June 2003
We survey the microfoundations, empirical evidence and estimation issues underlying the aggregate matching function. Several microeconomic matching mechanisms have been suggested in the literature with some successes but...Read more...
Barbara Petrongolo and Christopher A. Pissarides
September 2000