Hanousek, Jan and Kocenda, Evzen (2015) DETERMINANTS OF THE EUROPEAN TRADE: INSTITUTIONS, CULTURE, INFRASTRUCTURE AND GEOGRAPHY. POLITICKA EKONOMIE, 63 (5). pp. 624-640. ISSN 0032-3233,
Full text not available from this repository. (Request a copy)Abstract
We analyze the effect of the large set of theoretically motivated determinants on international trade among European countries during the period 1992-2008. The determinats cover areas of culture, institutions, infrastructure, and geography, including trade directions. We analyze trade in three types of goods: raw materials, parts and components, and capital goods. For each type of goods we differentiate trade in flows, extensive margin, and intensive margin. Methodologically we first derive fixed effects related to unique pairs of countries in terms of exports andimports. Then we explain the fixed effects with the set of trade determinants. We show number of detailed results that could be summarized in a following way. Geographical, cultural, and institutional determinants exhibit intuitively correct but varying effects. Soft and hard infrastructures exhibit strong and positive effect. Trade directions between new and old EU members plays a key role in the European trade.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | INTERNATIONAL-TRADE; GRAVITY MODEL; METAANALYSIS; LANGUAGE; MARKETS; FINANCE; UNION; FLOWS; LAW; bilateral trade; determinants of trade; panel data; European Union; European integration |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Institute for East and Southeast European Studies (IESES) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 29 Jul 2019 09:04 |
| Last Modified: | 29 Jul 2019 09:04 |
| URI: | https://pred.uni-regensburg.de/id/eprint/6196 |
Actions (login required)
 |
View Item |
