Kelejian, Harry; Tavlas, George S.; Petroulas, Pavlos - In: Regional Science and Urban Economics 42 (2012) 1-2, pp. 314-322
Trade is spatial in nature. However, when specifying trade regressions, spatial issues are typically not accounted for … in a satisfactory way. We specify a trade model which relates to the effects that the introduction of the euro had on … that, perhaps, the effects of currency unions on trade as described in the previous literature have been overstated. …