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Autor
Drzewoszewska Natalia (Nicolaus Copernicus University in Toruń, Poland)
Tytuł
Searching for the Appropriate Measure of Multilateral Trade-Resistance Terms in the Gravity Model of Bilateral Trade Flows
Problem właściwego pomiaru multilateralnego oporu wobec handlu w panelowym modelu grawitacji
Źródło
Dynamic Econometric Models, 2014, vol. 14, s. 29-49, tab., bibliogr. 49 poz.
Słowa kluczowe
Wymiana międzynarodowa, Dane panelowe, Bilateralna wymiana handlowa, Strefa euro, Model grawitacji
International trade, Panel data, Bilateral trade, Eurozone, Gravity model
Uwagi
summ., streszcz.
Abstrakt
Celem artykułu jest porównanie różnych metod aproksymacji multilateralnego oporu wobec wymiany międzynarodowej w modelu grawitacyjnym. Analizie poddany jest także ich wpływ na wyniki różnych metod estymacji modelu bilateralnych przepływów handlowych w Unii Europejskiej w latach 1999-2011. Jako alternatywę dla zastosowania w modelu zmiennych w czasie indywidualnych efektów dla kraju importera i eksportera, proponowane są trzy zmienne syntetyczne opisujące bilateralne koszty handlu, opór eksportera oraz opór importera. Tradycyjna miara odległości w modelu grawitacji, jaką jest dystans fizyczny, zastąpiony został czasem trwania podróży pomiędzy centroidami państw. Wyniki estymacji wskazują na istotny statystycznie wpływ proponowanych zmiennych, jednakże znak oceny parametru oporu importera nie odpowiada założeniom teoretycznym modelu grawitacji. Wpływ pozostałych zmiennych, w tym efekt strefy euro, jest w pełni zgodny z oczekiwaniami jedynie w przypadku zastosowania estymatora FE. (abstrakt oryginalny)

The aim of the paper is to compare different approximations of multilateral trade-resistance in the gravity model and the influence of their use on estimation results for models of EU-trade. Three synthetic variables: for bilateral trade costs, exporter's and importer's remoteness are used as an alternative for including time-varying country effects. Results indicate significant impact of those variables but not wholly compatible with the theory. Estimated coefficients of trade determinants, including Euro's effects, have expected values in both approaches only if the FE estimator is applied. (original abstract)
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Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
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Bibliografia
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Cytowane przez
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ISSN
1234-3862
Język
eng
URI / DOI
http://dx.doi.org/10.12775/DEM.2014.002
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