Modelling Export Activity of Eleven APEC Countries
The gravity model has long been used for modelling and predicting trade flows. This paper generalises the gravity model allowing for proper representation of local and target country effects and also the business cycle. The new approach is based on a panel data framework (instead of a simple cro...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
2004
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| Online Access: | https://www.usc.gal/economet/reviews/aeid445.pdf http://hdl.handle.net/20.500.11937/81827 |
| Summary: | The gravity model has long been used for modelling and predicting
trade flows. This paper generalises the gravity model allowing for
proper representation of local and target country effects and also the
business cycle. The new approach is based on a panel data
framework (instead of a simple cross sectional or time series
approach) where the additional information available from using both
types of data (i.e. cross sectional and time series) is utilised to
properly model all the specific effects. The model is applied to a
panel of APEC countries. |
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