Seminars & webinars
6 July 2017

FEEM Research Seminar on "Scale Economies in European Trade"


Where: Milan
Location:

Fondazione Eni Enrico Mattei
Corso Magenta 63
20123 Milan

***
Video-conference
at FEEM Venice

How to reach: Google map
Event's Timetable:

h. 12.30 Seminar
In Milan a light lunch will follow the seminar for registered participants.

Information:

Registration is required. Please confirm your participation here.
The seminar will be broadcasted via GoToMeeting.
Seminars Office, seminars@feem.it

Speaker:

Laura Bonacorsi, Fondazione Eni Enrico Mattei

Abstract

Using the gravity framework, I investigate whether being part of the European Union (EU) reduces trade frictions between European countries. First, I show that European trade exhibits significant trade frictions in 26 manufacturing sectors, as measured by economies of scale in trade costs: a 10% increase in trade volume corresponds on average to a 0.73% decrease in trade costs. Second, I find that the EU expansion over the last 30 years did not affect scale elasticities in aggregate terms, as an overall reduction in trade frictions would have implied. Some sectors, however, do exhibit a reduction in scale elasticities consistent with a decrease in fixed trade costs. Investigating scale elasticities more in depth, I find that they do not depend on product-specific characteristics. On the other hand, country-specific institutional variables, such as the importer's level of corruption, play a role: exporting to the most corrupted country in the sample entails half the gain from additional trade volume than exporting to the least corrupted one.

Download file
Download PDF file
Scale Economies in European Trade
Download file
Download PDF file
How to Reach

FEEM Newsletter & Update

Subscribe to stay connected.

Your personal data will be processed by Fondazione Eni Enrico Mattei. – data Controller – with the aim of emailing the FEEM newsletter & Update. The use of Your email address is necessary for the implementation of the newsletter service. You are invited to read the Privacy Policy in order to obtain additional information about the protection of Your rights.

This Website uses technical cookies and cookie analytics, as well as “third party” profiling cookies.
If you close this banner or you decide to continue navigating on this Website, you express consent to the use of cookies. If you need additional information or you wish to express selective choices on the use of cookies, please refer to the   Cookie PolicyI agree