Kelejian, Harry; Tavlas, George S.; Petroulas, Pavlos - Bank of Greece - 2011
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 …, the effects of currency unions on trade as described in the previous literature has been severely overstated. …