Searching for the Appropriate Measure of Multilateral Trade-Resistance Terms in the Gravity Model of Bilateral Trade Flows
Dynamic Econometric Models
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Title |
Searching for the Appropriate Measure of Multilateral Trade-Resistance Terms in the Gravity Model of Bilateral Trade Flows
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Creator |
Drzewoszewska, Natalia; Nicolaus Copernicus University, Department of Statistics and Econometrics
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Subject |
: international trade; panel data; gravity model; multilateral trade-resistance terms; bilateral trade costs; globalization in the XXI century; Euro‘s effect
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Description |
The aim of the paper is to compare different approximations of multilateral trade-resistance in the gravity model and the influence of their use on estimation results for models of EU-trade. Three synthetic variables: for bilateral trade costs, exporter’s and importer’s remoteness are used as an alternative for including time-varying country effects. Results indicate significant impact of those variables but not wholly compatible with the theory. Estimated coefficients of trade determinants, including Euro’s effects, have expected values in both approaches only if the FE estimator is applied.
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Publisher |
Nicolaus Copernicus University
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Contributor |
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Date |
2015-04-15
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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Format |
application/pdf
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Identifier |
http://apcz.umk.pl/czasopisma/index.php/DEM/article/view/DEM.2014.002
10.12775/DEM.2014.002 |
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Source |
Dynamic Econometric Models; Vol 14 (2014); 29-49
Dynamic Econometric Models; Vol 14 (2014); 29-49 2450-7067 1234-3862 |
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Language |
eng
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Relation |
http://apcz.umk.pl/czasopisma/index.php/DEM/article/view/DEM.2014.002/5250
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Rights |
Copyright (c) 2015 Dynamic Econometric Models
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