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
收藏
页码：28 / 37
页数：10
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