DOES SYSTEMIC FINANCIAL STRESS IN THE EURO AREA HAVE A NEGATIVE IMPACT ON BILATERAL EXPORTS?

被引：0

作者：

Romih, Dejan ^{[1
]}

Dajcman, Silvo ^{[1
]}

Kavkler, Alenka ^{[1
]}

机构：

[1] Univ Maribor, Fac Econ & Business, Razlagova Ulica 14, SLO-2000 Maribor, Slovenia

来源：

ECONOMIC AND SOCIAL DEVELOPMENT (ESD 2017) | 2017年

关键词：

bilateral exports; euro area; gravity model of international trade; Poisson pseudo-maximum likelihood; systemic financial stress; TRANSMISSION; GRAVITY;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper analyses the impact of systemic financial stress in the euro area on bilateral exports of goods on a sample of 1,560 country pairs between 2000 and 2014. The analysis uses gravity models of international trade whose parameters are estimated using the Poisson pseudo-maximum likelihood. The results of the analysis show that systemic financial stress in the euro area has a negative impact on bilateral exports of goods. This finding is important for the successful conduct of economic policy in euro area countries and their trading partners.

引用

页码：28 / 37

页数：10

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