Search results for " Gravity Model"

How "attractive" is good governance for FDI?

2008

Trade Costs, Trade Balances, and Current Accounts: an application of Gravity to Multilateral Trade

2005

In this paper we test the well-known hypothesis of Obstfeld and Rogoff (NBER Macroeconomics Annual 7777:339–390, 2000) that trade costs are the key to explaining the so-called Feldstein–Horioka puzzle. Our approach has a number of novel features. First, we focus on the interrelationship between trade costs, the trade account and the Feldstein–Horioka puzzle. Second, we use the gravity model to estimate the effect of trade costs on bilateral trade and, third, we show how bilateral trade can be used to draw inferences about desired trade balances and desired intertemporal trade. Our econometric results provide strong support for the Obstfeld and Rogoff hypothesis and we are also able to recon…

Regional inequalities as drivers of affective polarization

2022

This paper investigates divergences in levels of affective polarization across Belgian regions around the 2019 elections. Elaborating on the relative deprivation theory, we analyse the role of current and long-term socio-economic regional inequalities and of geographical distance separating regions. Empirically, we aggregate individual-level measures of affective polarization at the Belgian NUTS-3 level and use a gravity approach to explore the determinants of regional divergences. Our results show that regional variations in affective polarization are best explained by a current rural–urban divide and by how regions have performed economically in the last years. We also show that geographi…

Tidal gravity observations at Mt. Etna and Stromboli: Results concerning the modeled and observed tidal factors

2009

Continuous gravity observations performed in the last few years, both at Mt. Etna and Stromboli, have prompted the need to improve the tidal analysis in order to acquire the best corrected data for the detection of volcano related signals. On Mt. Etna, the sites are very close to each other and the expected tidal factor differences are negligible. It is thus useful to unify the tidal analysis results of the different data sets in a unique tidal model. This tidal model, which can be independently confirmed by a modeling of the tidal parameters based on the elastic response of the Earth to tidal forces and the computation of the ocean tides effects on gravity, is very useful for the precise t…

Hotel chain performance: a gravity-DEA approach

2011

Performance in business management can be measured in terms of competitiveness and efficiency. Generally speaking, competitiveness is a comparative concept of the ability of a firm, sub-sector or country to sell and supply goods and/or services in a given market, as measured by its market share. Particularly in competitive markets, efficiency plays a key role in determining this ability but it is not, by itself, sufficient. Indeed, while competitiveness has more to do with “pursuing the correct strategy” towards the conservation and/or increase of the market share, operational efficiency is mainly a measure of how well the firm, sub-sector or country under study processes inputs to achieve …

Institutional Quality and International Competitiveness

2008

Determinants of Italy's agri-food trade flows with the Mediterranean non-Eu partner countries

2013

The objective of this paper is to evaluate the determinants of Italy’s agri-food exports in the markets of Mediterranean non-EU partner countries and, particularly, the impact of Agreement Association signed in the Euro-Mediterranean partnership. The Mediterranean Sea situated at the crossroad of three continents, the European, the Asian and the African one, has ever been of great strategic interest for several geo-economical powers and in particular of the European Union as one of its foreign policy main protagonists. Italy as a centred Mediterranean country which is sharing agri-food production with some Mediterranean partners could profit from the EU’s relationships with the partners of …

The contribution of human migration to tourism: The VFR travel between the EU28 member states

2017

This study explores the correlation between human migration and that part of tourism due to people visiting friends and relatives in a foreign country. We first compared the network structure of migration stocks and tourism flows between the 28 member countries of the European Union over the period 2000–2012. Then, we performed several econometric analyses to study the main tourism determinants and the correlations between migration to tourism. The paper derives from the discussion of the results an estimate of the contribution to the overall tourism phenomenon due to visiting friends and relatives. Complex network analysis and gravity models were the investigation methods preferred.

EMU and the Euro-Mediterranean Dialogue: Trade Interdependence between Mediterranean and Euro-area Countries

2009

Economic interdependence and trade encourage international dialogue and represent a base for reducing international conflicts. Hence, international co-operation for the reduction of barriers to trade and capital flows can be important not only in inducing economic progress, but also in promoting peace (Polachek and Siegle 2006). In this respect, the introduction of the euro represents an epochal event for both the participants in the single European currency and for their external partners, and in particular those in neighbouring regions. However, whilst a large body of literature has focused on analysing the first, in particular, with respect to the impact of the euro on intra-regional tra…

Deep structural setting of the North American-Caribbean plate boundary in eastern Guatemala

2009

Se presenta un modelo bidimensional de gravedad para determinar la estructura en profundidad del sistema de fallas lateral-izquierda de Motagua-Polochic, que son parte del límite de las placas América del Norte y del Caribe. Estos elementos tectónicos, sismicamente activos, atraviesan oeste-este la región de Guatemala y se sobreponen a una línea de sutura donde afloran cuerpos ophiolíticos. En las principales zonas de desplazamiento de las fallas se han desarrollado cuencas de pull-apart y regiones de restricción (push-up). El análisis estructural de algunas de estas fallas, situadas a lo largo del valle Izabal y del valle Motagua, en combinación con los datos obtenidos del satélite, ha per…