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What Gravity Models Can Tell Us about the Position of German FDI in Central and Eastern Europe
Borrmann, Christine; Jungnickel, Rolf; Keller, Dietmar - 2005
as core variables. Both these variables can be important determinants of FDI, too. However, when such models are used to … explain FDI, there can be differences in the mode of operation of these variables so that the interpretation can become … uncertain. Market size can reach beyond the host country and distance can be an incentive as well as an impediment to FDI. In …
Persistent link: https://www.econbiz.de/10009442320
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Estimation Issues in Single Commodity Gravity Trade Models
Prehn, Soren; Brummer, Bernhard - 2011
Recently gravity trade models are applied to disaggregated trade data. Here manyzeros are characteristic. In the presence of excess zeros usual Poisson Pseudo MaximumLikelihood (PPML) is still consistent, the variance covariance matrix howeveris invalid. Correct economic interpretation however...
Persistent link: https://www.econbiz.de/10009442838
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Effects of Regional Trade Agreements on Trade in Agrifood Products: Evidence from Gravity Modeling Using Disaggregated Data
Sarker, Rakhal; Jayasinghe, Sampath - 2004
The recent proliferation of regional trade agreements (RTAs) has intensified the debate on their merits. A growing literature has addressed this policy debate, focusing on the welfare and trade effects of RTAs and their likely impacts on the multilateral trading system. Some view them as...
Persistent link: https://www.econbiz.de/10009443054
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NOMINAL EXCHANGE RATE MISALIGNMENT: IS IT PARTICULARLY IMPORTANT TO AGRICULTURAL TRADE?
Cho, Guedae; Kim, Minkyoung; Sun, Edwin; Jin, Hyun Joung; … - 2003
This paper examines whether exchange rate misalignment negatively affects agricultural trade, compared to other industry sectors. Nominal exchange rate misalignment is obtained from the percentage deviation of real exchange rates from their long-run equilibrium based on the theory of purchasing...
Persistent link: https://www.econbiz.de/10009443983
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The sensitivity of trade flows to trade barriers
Raimondi, Valentina; Olper, Alessandro - 2009
This study analyzes the sensitivity of trade flows to trade barriers from gravity equations, using different econometric techniques recently highlighted in the literature. Specifically, we compare a benchmark OLS fixed effects specification a la Feenstra (2002) with three emerging estimation...
Persistent link: https://www.econbiz.de/10009444786
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Analysis of Italian High Quality Wine Exports using the Gravity Model Approach
De Blasi, Giuseppe; Seccia, Antonio; Carlucci, Domenico; … - 2007
Italian wine firms are facing a significant reduction in wine consumption and increasing competition in international markets. In fact, markets are becoming increasingly liberalized and producers of non-EU countries adopt even more aggressive strategies to increase their competitiveness....
Persistent link: https://www.econbiz.de/10009445125
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Informal barriers, agricultural trade, and the Euro Area
Cheptea, Angela; Huchet-Bourdon, Marilyne - 2007
PAPER REMOVED AT THE REQUEST OF THE AUTHOR - 10/18/07.
Persistent link: https://www.econbiz.de/10009445142
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ESTIMATION ISSUES IN SINGLE COMMODITY GRAVITY TRADE MODELS
Prehn, Soren; Brummer, Bernhard - 2011
Recently gravity trade models are applied to disaggregated trade data. Here many zeros arecharacteristic. In the presence of excess zeros usual Poisson Pseudo Maximum Likelihood(PPML) is still consistent, the variance covariance matrix however is invalid. Correcteconomic interpretation however...
Persistent link: https://www.econbiz.de/10009446184
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Explaining German imports of olive oil: evidence from a gravity model
Kavallari, Aikaterini; Maas, Sarah; Schmitz, P. Michael - 2008
In this study the case of olive oil imports of Germany is examined since olive oil is a traditional Mediterranean commodity and Germany is the biggest importer in the EU. A gravity model has been employed so as to analyse those factors that explain the German imports of olive oil that were...
Persistent link: https://www.econbiz.de/10009446291
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Comércio e integração dos estados brasileiros
Almeida, Fernanda Maria de; Silva, Orlando Monteiro da - 2007
Given that in Brazil there is a significant asymmetry in production and trade among states, this study had as objective to measure the border effect to the intranational and international trade, using it as an indicator of the degree of integration. Such effect measures the bias to the internal...
Persistent link: https://www.econbiz.de/10009446448