Why do Estimates of the EMU Effect on Trade Vary so Much?

被引:29
|
作者
Rose, Andrew K. [1 ]
机构
[1] Haas Sch Business, Berkeley, CA 94720 USA
关键词
Gravity; Exports; Span; Country; Meta; Common; Currency; Monetary; Union; Panel; INTERNATIONAL-TRADE; CURRENCY UNIONS; EURO; COUNTRIES; GRAVITY;
D O I
10.1007/s11079-016-9420-1
中图分类号
F [经济];
学科分类号
02 ;
摘要
Larger data sets, with more countries and a longer span of time, exhibit systematically larger effects of European monetary union on trade. I establish this stylized fact with meta-analysis and confirm it by estimating a plain-vanilla gravity model. I then explain this finding by examining systematic biases in "multilateral resistance to trade" manifest in time-varying country fixed effects; bias grows as the sample is truncated by dropping small poor countries.
引用
收藏
页码:1 / 18
页数:18
相关论文
共 50 条
  • [1] Why do Estimates of the EMU Effect on Trade Vary so Much?
    Andrew K. Rose
    [J]. Open Economies Review, 2017, 28 : 1 - 18
  • [2] Why Do Hedgers Trade So Much?
    Cheng, Ing-Haw
    Xiong, Wei
    [J]. JOURNAL OF LEGAL STUDIES, 2014, 43 : S183 - S207
  • [3] Why Do (Some) Households Trade So Much?
    Linnainmaa, Juhani T.
    [J]. REVIEW OF FINANCIAL STUDIES, 2011, 24 (05): : 1630 - 1666
  • [4] HLW DISPOSAL COSTS - WHY DO ESTIMATES VARY SO WIDELY
    WARD, D
    [J]. NUCLEAR ENGINEERING INTERNATIONAL, 1994, 39 (475): : 26 - 27
  • [5] Why do the mounds of Mus spicilegus vary so much in size and composition?
    Michaela Hölzl
    Herbert Hoi
    Alzbeta Darolova
    Ján Krištofik
    Dustin J. Penn
    [J]. Mammalian Biology, 2009, 74 : 308 - 314
  • [6] Why do the mounds of Mus spicilegus vary so much in size and composition?
    Hoelzl, Michaela
    Hoi, Herbert
    Darolova, Alzbeta
    Kristofik, Jan
    Penn, Dustin J.
    [J]. MAMMALIAN BIOLOGY, 2009, 74 (04) : 308 - 314
  • [7] If Everyone Votes Their Party, Why Do Presidential Election Outcomes Vary So Much?
    Shaw, Daron
    [J]. FORUM-A JOURNAL OF APPLIED RESEARCH IN CONTEMPORARY POLITICS, 2012, 10 (03):
  • [8] Why do trade costs vary?
    Pomfret, Richard
    Sourdin, Patricia
    [J]. REVIEW OF WORLD ECONOMICS, 2010, 146 (04) : 709 - 730
  • [9] Why do trade costs vary?
    Richard Pomfret
    Patricia Sourdin
    [J]. Review of World Economics, 2010, 146 : 709 - 730
  • [10] WHY IS THERE SO MUCH MYOGLOBIN IN CHICKEN GIZZARD AND SO LITTLE IN EMU GIZZARD
    PATAK, A
    BALDWIN, J
    [J]. COMPARATIVE BIOCHEMISTRY AND PHYSIOLOGY B-BIOCHEMISTRY & MOLECULAR BIOLOGY, 1988, 89 (01): : 27 - 30