Eric van Wincoop
Biographic Data
| ID | 5739010 |
|---|---|
| NAME | Eric van Wincoop |
| GIVEN NAMES | Eric |
| FAMILY NAME | van Wincoop |
| SIGNATURE | VAN WINCOOP E |
| AFFILIATIONS | University of Virginia |
| VERIFIED | No |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 1 |
| AUTHOR COUNT | 5 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1996 |
| LATEST PUBLICATION YEAR | 2004 |
| H-INDEX | 1 |
Trade Costs
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 inference on implicit costs from trade flows and prices. Total trade costs in rich countries are large. The ad valorem tax equivalent is about 170 percent when pushing the data hard. Poor countries face even higher trade costs. There is a lot of variation across countries…
Gravity with Gravitas
Gravity equations have been widely used to infer trade flow effects of various institutional arrangements. We show that estimated gravity equations do not have a theoretical foundation. This implies both that estimation suffers from omitted variables bias and that comparative statics analysis is unfounded. We develop a method that (i) consistently and efficiently estimates a theoretical gravity equation and (ii) correctly calculates the comparati…
National Money as a Barrier to International Trade
National Money as a Barrier to International Trade: The Real Case for Currency Union by Andrew K. Rose and Eric van Wincoop. Published in volume 91, issue 2, pages 386-390 of American Economic Review, May 2001
Risk Sharing Within the United States
We measure income uncertainty at the level of U.S. states, and the extent to which it has been reduced through risksharing, using a method recently developed by Athanasoulis and van Wincoop (2000). Risk is measured as the standard deviation of state-specific income growth uncertainty, measured by using the error term of a regression of income growth on variables in the information set. Risk sharing is measured by the extent to which this standard…
The Intertemporal Elasticity of Substitution
This paper uses state-level consumption data to estimate the intertemporal elasticity of substitution of consumption (IES). In contrast to the results of Hall (1988) and Campbell and Mankiw (1989), we provide evidence indicating that the IES is significantly different from zero and probably close to one. Since inference about the IES in the context of the standard Euler equation is problematic as a result of mis-specification bias, we cast most o…
The Intertemporal Elasticity of Substitution
This paper uses state-level consumption data to estimate the intertemporal elasticity of substitution of consumption (IES). In contrast to the results of Hall (1988) and Campbell and Mankiw (1989), we provide evidence indicating that the IES is significantly different from zero and probably close to one. Since inference about the IES in the context of the standard Euler equation is problematic as a result of mis-specification bias, we cast most o…
The Intertemporal Elasticity of Substitution
This paper uses state-level consumption data to estimate the intertemporal elasticity of substitution of consumption (IES). In contrast to the results of Hall (1988) and Campbell and Mankiw (1989), we provide evidence indicating that the IES is significantly different from zero and probably close to one. Since inference about the IES in the context of the standard Euler equation is problematic as a result of mis-specification bias, we cast most o…
National Money as a Barrier to International Trade
National Money as a Barrier to International Trade: The Real Case for Currency Union by Andrew K. Rose and Eric van Wincoop. Published in volume 91, issue 2, pages 386-390 of American Economic Review, May 2001
Risk Sharing Within the United States
We measure income uncertainty at the level of U.S. states, and the extent to which it has been reduced through risksharing, using a method recently developed by Athanasoulis and van Wincoop (2000). Risk is measured as the standard deviation of state-specific income growth uncertainty, measured by using the error term of a regression of income growth on variables in the information set. Risk sharing is measured by the extent to which this standard…
Gravity with Gravitas
Gravity equations have been widely used to infer trade flow effects of various institutional arrangements. We show that estimated gravity equations do not have a theoretical foundation. This implies both that estimation suffers from omitted variables bias and that comparative statics analysis is unfounded. We develop a method that (i) consistently and efficiently estimates a theoretical gravity equation and (ii) correctly calculates the comparati…
Trade Costs
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 inference on implicit costs from trade flows and prices. Total trade costs in rich countries are large. The ad valorem tax equivalent is about 170 percent when pushing the data hard. Poor countries face even higher trade costs. There is a lot of variation across countries…
Economics (5 works) · Computer Science (3 works) · Econometrics (2 works) · Economic Growth and Productivity (2 works) · Economic theories and models (2 works) · Global trade and economics (2 works) · Inference (2 works) · International economics (2 works) · International trade (2 works) · Monetary economics (2 works)