Tools
Tools
Stack, M. 
ORCID: 0000-0002-9213-7607,
2009.
Regional integration and trade: controlling for varying degrees of heterogeneity in the gravity model.
The World Economy, 32 (5), pp. 772-789.
|
Text
200201_6594 Stack Preprint.pdf Download (331kB) | Preview |
Abstract
Using a panel dataset of bilateral export flows from 12 EU countries to 20 OECD trading partners over the 1992–2003 period, this paper examines whether the effect on trade of European regional integration, denoted by an EU dummy, holds across a representative number of specifications for two gravity models, one based on the traditional trade determinants, the other based on newer trade theories (NTT). For both gravity model specifications the coefficient of the EU dummy declines in magnitude and becomes insignificant as an increasing degree of country heterogeneity is admitted into the model. This suggests the fundamental importance of the econometric specification when evaluating trade policy effects.
| Item Type: | Journal article | ||||
|---|---|---|---|---|---|
| Description: | The definitive version is available at www3.interscience.wiley.com | ||||
| Publication Title: | The World Economy | ||||
| Creators: | Stack, M. | ||||
| Publisher: | Wiley-Blackwell | ||||
| Date: | 2009 | ||||
| Volume: | 32 | ||||
| Number: | 5 | ||||
| Identifiers: |
|
||||
| Divisions: | Schools > Nottingham Business School | ||||
| Record created by: | EPrints Services | ||||
| Date Added: | 09 Oct 2015 11:17 | ||||
| Last Modified: | 09 Jun 2017 13:54 | ||||
| URI: | https://irep.ntu.ac.uk/id/eprint/25440 |
Actions (login required)
 |
Edit View |
Views
Views per month over past year
Downloads
Downloads per month over past year
