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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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What Gravity Models Can Tell Us about the Position of German FDI in Central and Eastern Europe
Borrmann, Christine; Jungnickel, Rolf; Keller, Dietmar - 2005
The tradition of gravity models is in the analysis of trade flows with market size and geographic or economic distance 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...
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
intraregional trade is growing within NAFTA and that NAFTA has displaced trade with the rest of the world. NAFTA has served to boost … trade significantly among its members rather than with the rest of the world. Countries participating in NAFTA have moved … toward a lower degree of relative openness in agrifood trade with the rest of the world. …
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