A generalized design for bilateral trade flow models

被引：180

作者：

Baltagi, BH ^{[1
]}

Egger, P

Pfaffermayr, M

机构：

[1] Texas A&M Univ, Dept Econ, College Stn, TX 77843 USA

[2] Univ Innsbruck, Dept Econ Theory Econ Policy & Econ Hist, A-6020 Innsbruck, Austria

来源：

ECONOMICS LETTERS | 2003年 / 80卷 / 03期

关键词：

bilateral trade flows; gravity model; interaction effects; panel econometrics;

D O I：

10.1016/S0165-1765(03)00115-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper suggests a full interaction effects design to analyze bilateral trade flows. This is illustrated with an unbalanced panel of bilateral trade between the triad (EU15, USA and Japan) economies and their 57 most important trading partners over the period 1986-1997. Our full interaction model finds empirical support for the New Trade Theory and Linder's hypothesis. We show that the omission of one or more interaction effects can result in biased estimates and misleading inference. (C) 2003 Elsevier B.V. All rights reserved.

引用

页码：391 / 397

页数：7

共 21 条

[1] Insecurity and the pattern of trade: An empirical investigation [J].