Search results for "gravity model"
showing 4 items of 54 documents
EMU and Trade Revisited: Long-Run Evidence Using Gravity Equations
2013
In this paper, we present evidence of the long-run effect of the euro on trade for the twelve initial EMU countries for the period 1967–2008 from a double perspective. First, we pool all the bilateral combinations of trade flows among the EMU countries in a panel cointegration gravity specification. Second, we estimate a gravity equation for each of the EMU members vis-a-vis the other eleven partners. We apply panel cointegration techniques based on factor models that account for cross-dependence and structural breaks. Whereas the joint gravity equation provides evidence on the aggregate effect of the euro on intra-European trade, by isolating the individual countries, we assess which of th…
El impacto de la política de visados sobre los flujos internacionales de turistas: 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.
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.