Policy makers in "small" countries facing trade liberalisation have become concerned with the potential loss of manufacturing employment and output to "large" economies in the presence of economies of scale in production and international transport costs. This paper offers a methodology to...

Zum 1. Mai 2004 werden zehn weitere Volkswirtschaften der Europäischen Union beitreten. In den Verträgen ist die künftige Einführung des Euro vorgesehen, wenngleich hier kein genauer Terminplan besteht. Acht der Beitrittsländer liegen in Mittel- und Osteuropa: Estland, Lettland, Litauen,...

This study suggests another explanation of the missing globalization puzzle typically observed in the empirical gravity models. In contrast to the previous research that focused on aggregated trade flows, we employ the trade flows in manufacturing products broken down by 25 three-digit ISIC...

This study compares two alternative approaches to estimate parameters in gravity equations. We compare the traditional OLS approach applied to the log-linear form of the gravity model with the Poisson Quasi Maximum Likelihood (PQML) estimation procedure applied to the non-linear multiplicative...