Kien, Nguyen Trung; Hashimoto, Yoshizo - Graduate School of Economics, Osaka University - 2005
This paper is an attempt to use the Hausman-Taylor (HT) estimation to examine the determinants of trade flows of Asean … Free Trade Area (AFTA). Based on the two-way error component form of the gravity model, we employ the HT technique to … interestingly, trade is higher between countries of identical preferences than those of different ones. Secondly, the most crucial …