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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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COMÉRCIO INTERESTADUAL E INFRA-ESTRUTURA NO BRASIL: UMA ANÁLISE DO RELACIONAMENTO NO BRASIL
Silva, Orlando Monteiro Da; Almeida, Fernanda Maria De - 2008
declinar.---------------------------------------------An improvement on infrastructure and logistics, by integrating production … of infrastructure with international trade, have had much more attention than the relationship of infrastructure with … infrastructure services and the trade volume among the Brazilian states. It was created an indicator of the existent infrastructure …
Persistent link: https://www.econbiz.de/10009446745
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Elemente der Neuen Ökonomischen Geographie
Schöler, Klaus - 2010
Produktionssektoren, heterogene Güter und unterschiedliche Transportkosten berücksichtigt. Das vorliegende Buch verfolgt drei Ziele …
Persistent link: https://www.econbiz.de/10009449023
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Potential bilateral trade between South Africa and Angola in the agricultural sector : a gravity model approach / J.L. Erero
Erero, Jean Luc - 2007
This study applies the gravity trade model to assess South Africa-Angola trade potential in the agriculturalsector. A step-by-step example of the model's empirical implementation is also provided. It is found thatthe gravity model, with foundations in the physical sciences, is a useful...
Persistent link: https://www.econbiz.de/10009456190
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The effect of common currencies on trade
Szebeni, Katalin - 2004
The theory of optimum currency areas states that the more two countries trade with each other, the better candidates they are for a currency union. In terms of the endogeneity argument, convergence follows from joining a currency union and the integration process itself turns the countries into...
Persistent link: https://www.econbiz.de/10009457804
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The Spatial Relationship of Complex Foreign Direct Investment and the Effects of Foreign Direct Investment and Trade on Income
Nelson, Andrew J. - 2008
This paper assesses the implications of spatial dependence of outward FDI flows toclarify the importance and prominence of complex foreign direct investment bymultinational enterprises, which are neither purely horizontal nor vertical integrationstrategies. Empirical tests compare the ordinary...
Persistent link: https://www.econbiz.de/10009458931
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A gravity model analysis of trade and direct investment in the Central and Eastern European Countries
Stack, Marie M. - 2010
variables of FDI and trade are interpreted as cross-price elasticity effects. In a competitive world, attracting more FDI to the …, the traditional determinants of direct investment along with the liberalisation process and infrastructure endowments are …
Persistent link: https://www.econbiz.de/10009461308
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Firm heterogeneity and political economy of international trade
Ergul, Esra - 2010
ultimately affect the world prices and trade pattern. We use the approach developed by HMR to specify and estimate a model of … for each country and their ultimate impact on world prices and trade pattern. We use the model to carry out a series of … in oil prices during 1997-2007 to have been caused by economic growth around the world, the demand and supply price …
Persistent link: https://www.econbiz.de/10009477887