Search results for "Gravity Model of Trade"
showing 10 items of 30 documents
Measuring the impact of regional export promotion: The Spanish case
2008
This article estimates the effect of Spanish regional trade agencies abroad on exports using the gravity model. The results indicate that regional agencies increase trade. The estimated impact seems to be larger than that of Spanish embassies and consulates. Moreover, a dis- aggregated analysis shows that this effect is not evenly distributed across Spanish regions. JEL classification: F14, R12
The total social costs of constructing and operating a high-speed rail line using a case study of the Riyadh-Dammam Corridor, Saudi Arabia
2019
Introducing a High-Speed Rail technology between the Saudi Arabian cities starts raising many challenging issues of different nature ranging from technical to operational, which require huge investments in infrastructure, operations and maintenance. Background information about the development of HSR worldwide to date is included. However, the main aim of this paper is to determine a methodology to estimate the full cost of travel and provide insights into the working model developed to include the calculations of the total social costs of building a new HSR line for the Riyadh-Dammam corridor in Saudi Arabia and understand in what circumstances it is a suitable technology to use. The Sprea…
Political risk and export promotion: evidence from Germany
2008
Political risk represents an important hidden transaction cost that reduces international trade. This paper investigates the claim that German public export credit guarantees (Hermes guarantees) mitigate this friction to trade flows and hence promote exports. We employ an empirical trade gravity model, where we explicitly control for political risk in the importing country in order to evaluate the effect of export guarantees. The idea behind export promotion through public export credit agencies (ECAs) is that the private market is unable to provide adequate insurance for all risks associated with exports. As a consequence, firms' export activities are limited in the absence of insurance pr…
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…
Asylum Migration, Borders, and Terrorism in a Structural Gravity Model
2021
This article has benefited from very helpful comments from two anonymous reviewers and the Academic Editor Inmaculada Martinez. The authors would like to acknowledge the financial support from Junta de Andalucia (SEJ 413), from Generalitat Valenciana (GV Prometeo 2018/102 and GV/2020/012), the Spanish Ministry of Science, Innovation and Universities (RTI2018-100899-B-I00, co-financed with FEDER), and the Kellogg Institute for International Studies (University of Notre Dame).
The migration–tourism nexus in the EU28
2020
This study explores the nexus between tourism and migration on an intra-European scale over the period 2000–2015. Complex-network analysis and gravity models were the investigation methods preferred. For each year under study, we built two country-to-country networks to map and reveal the connections between states as shaped by migration stocks and tourism flows, respectively. Then, the main determinants of the correlation patterns between the two networks were investigated by several econometric analysis. Results point to a quite similar topological structure for the tourism and migration networks as well as to a significant and reciprocal direct influence between tourism and migration mo…
Examining the impact of visa restrictions on international tourist flows using panel data: Un análisis con datos de panel
2016
Using newly panel data on visa restrictions for the years 2000 and 2010 in a theory-grounded gravity model, we find a robust, causal negative impact of visa restrictions on international tourist flows. By destination, the detrimental impact of this type of barrier is observed for tourists going to developing countries (with the exception of East and South Asia), but not for those to developed ones. By country of origin of tourists, the impact of visa restrictions appears to be the same for tourists coming from developed and developing countries. These findings have important consequences in policy terms for tourism management at a regional level.
Relevance of trade facilitation in emerging countries exports
2012
The objective of this article is to analyse trade flows in emerging nations with a maritime boundary, where trade facilitation plays a decisive role in their international development. In order to detect possible patterns in performance, we apply the economic approach of gravity models using the World Bank Logistic Performance Index (LPI) as a good proxy of trade facilitation. The results of the estimation lead to the conclusion that the more complex the transportation of goods is, the more influential the logistics indicator, trade facilitation being most prominent in Middle East exporters.
ES un ASV tirdzniecības attiecību un nākotnes scenāriju analīze
2021
Šī pētījuma mērķis ir uzsvērt ES un ASV tirdzniecības dinamiku un paredzēt tās gaidāmos scenārijus. Metodoloģija ietver teorētisko un empīrisko analīzi. Pārbaudot tirdzniecības ietekmējošos faktorus, tiek sadalītas OLS regresijas no tirdzniecības smaguma modeļa, lai pārbaudītu šādus piecus mainīgos: TTIP sarunu process, IKP uz vienu iedzīvotāju, kopējā zemes platība, FDI un kopīgā valoda. Kopējais novērojums ir 308, aptverot ES-28 un ASV laikposmā no 2009. līdz 2019. gadam. Regresijas rezultāti liecina, ka, izņemot FDI, pārējie četri pārējie mainīgie nav korelēti ar tirdzniecības plūsmu. ES un ASV tirdzniecības prognozes ir noteiktas divos virzienos. Viens no tiem sagaida tirdzniecības plūs…
Testing and implementing a new approach to estimating interregional output multipliers using input-output data for South Korean regions
2020
Flegg's location quotient (FLQ) is a useful tool for estimating intraregional output multipliers. This paper uses it as one component when estimating interregional multipliers. Using statistical information criteria and official data for 16 South Korean regions, it is found that the best approach is to combine the FLQ with a simple trade model. The paper explains how the proposed procedure can be implemented for both multiple and individual regions, and also how a region-specific value for the unknown parameter δ in the FLQ formula can be determined. Finally, an illustrative case study of one of the regions is carried out.