Trade with Final Goods in European Union
A Gravity Model Approach
Bibliographic Data
| ID | 7973377 |
|---|---|
| Authors | Richard Frensch (Center for Economic and Policy Research), Jan Hanousek (0009-0006-3997-5931, Center for Economic and Policy Research), Evžen Kočenda (0000-0003-4110-1169) |
| Year | 2013 |
| Volume | 61 |
| Issue | 6 |
| Pages | 715-734 |
| Publication date | 2013-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Politická ekonomie (JOURNAL) |
| Journal identifiers | ISSN: 0032-3233 • E-ISSN: 2336-8225 |
| Publisher | Prague University of Economics and Business (PUBLISHER • CZ) |
| DOI | 10.18267/j.polek.927 |
| OpenAlex | W2240127383 |
| Language | EN |
| Citations received | 2 |
| References cited | 37 |
Based on the gravity model of the trade with imperfect specialization we suggest a testable econometric specification. The model considers bilateral gravity equation as a statistical relationship limited by the multilateral specialization patterns among countries. We test the model on disaggregated bilateral trade data of the European Union (EU) countries. Our results show that trade in final goods between East and West in Europe is driven by multilateral specialization incentives. The identified key drivers are supply side country differences in labour costs with respect to the rest of the world. This finding is compatible with the idea of incomplete specialization. We also show that trade between old and new EU members is realized more though increasing variety of products rather than by intensifying trade with established products
Bilateral trade · Econometric model · Econometrics · Economics · European union · Gravity model of trade · Imperfect · Incentive · International economics · International trade · Microeconomics · Variety (cybernetics) · Economic Growth and Productivity · Global Trade and Competitiveness · Global trade and economics
International R&D spillovers
Gravity for Dummies and Dummies for Gravity Equations
Estimating Trade Flows
Some Tests of Specification for Panel Data
Another look at the instrumental variable estimation of error-components models
Gravity with Gravitas
Initial conditions and moment restrictions in dynamic panel data models
The Generalized Gravity Equation, Monopolistic Competition, and the Factor-Proportions Theory in International Trade
Modelling international trade flows between Ceec and OECD countries
On Theories Explaining the Success of the Gravity Equation
Relative Factor Abundance and Trade
Corporate Efficiency
Relative version of the theory of purchasing power parity
Gravity and Fiscal Models of Government Support of Export Credit in the Czech Republic
Innovation Activity of Firms and Competition
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,18 |
| Citation span | 2015 - 2015 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |