Application of Structural Gravity Equation on Trade Between the EU and BRICS Countries

被引：0

作者：

Vahalik, Bohdan ^{[1
]}

Fojtikova, Lenka ^{[1
]}

机构：

[1] VSB Tech Univ Ostraval, Fac Econ, Sokolska Trida 33, Ostrava 70200, Czech Republic

来源：

PROCEEDINGS OF THE 4TH INTERNATIONAL CONFERENCE ON EUROPEAN INTEGRATION 2018 (ICEI 2018), PTS 1-3 | 2018年

关键词：

BRICS; European Union; international trade; panel data; structural gravity model;

D O I：

暂无

中图分类号：

K9 [地理];

学科分类号：

0705 ;

摘要：

The aim of this paper is to provide the evidence about the difference between structural gravity equation estimated as a fixed effect model compared to the newest methodology by Piermartini and Yotov (2016) on case of bilateral trade flows between the EU and BRICS countries. Using the fixed effect model, we found that using country-time specific factors can significantly increase the effect of some country-pair characteristics. Using the PPML estimator, we found a significant positive effect of the common border for the EU exports and colonial relationship for BRICS exports. we proved that the only estimation technique which offers the correct and unbiased gravity estimates is using the exporter-time, importer-time, and country pair fixed effects.

引用

页码：1546 / 1553

页数：8

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