Modelling international trade flows between CEEC and OECD countries

被引：10

作者：

Rault, Christophe ^{[1
,2
]}

Sova, Robert ^{[3
,4
]}

Sova, Ana Maria ^{[3
,4
]}

机构：

[1] Univ Orleans, CNRS, LEO, UMR 6221, F-45067 Orleans 2, France

[2] Univ Michigan, William Davidson Inst, Ann Arbor, MI 48109 USA

[3] Univ Paris 01, CES, F-75647 Paris 13, France

[4] Bucharest Acad Econ Studies, Econ & Business Res Ctr, Bucharest, Romania

来源：

APPLIED ECONOMICS LETTERS | 2009年 / 16卷 / 15期

关键词：

PROPER ECONOMETRIC SPECIFICATION; GRAVITY EQUATION; EUROPEAN TRADE;

D O I：

10.1080/13504850701564330

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article deals with econometric developments for the estimation of gravity model, which allow to get convergent parameter estimates even when a correlation exists between the explanatory variables and the specific unobservable characteristics of each individual. We implement panel data econometric techniques to characterize bilateral trade flows between heterogeneous economies. Our econometric results based on a sample of 4 Central and Eastern European countries (CEEC-4) and 19 OECD countries over a 18-year period highlight the importance by taking into account the unobservable heterogeneity to obtain a robust empirical specification and unbiased coefficients.

引用

页码：1547 / 1554

页数：8

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