Hanousek, Jan and Kocenda, Evzen (2014) Factors of trade in Europe. ECONOMIC SYSTEMS, 38 (4). pp. 518-535. ISSN 0939-3625, 1878-5433
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We analyze how a set of determinants affect trade among European countries over the period 1992-2008. The factors encompass variables from the areas of geography, culture, institutions, infrastructure, and trade direction. Trade is analyzed for four types of goods: primary goods, parts and components, capital goods, and consumer goods. For each type of good we also distinguish its definition in terms of flows, intensive margin, and extensive margin. Methodologically, we first derive country-pair fixed effects over all possible pairs of export-import partners, and in the second stage we relate fixed effects with a set of influential factors. We show (i) the intuitive and varying effects of geographical, cultural, and institutional factors; (ii) the beneficial effects of soft and hard infrastructure; and (iii) the key importance of trade between old and new EU members. (C) 2014 Elsevier B.V. All rights reserved.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | INTERNATIONAL-TRADE; TRANSPORT COSTS; PANEL-DATA; GRAVITY; INFRASTRUCTURE; DETERMINANTS; MARKETS; LIBERALIZATION; METAANALYSIS; LANGUAGE; Bilateral trade; Factors of trade; Panel data; European Union |
| Subjects: | 300 Social sciences > 330 Economics 600 Technology > 650 Management & auxiliary services |
| Divisions: | Institute for East and Southeast European Studies (IESES) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 07 Aug 2019 07:49 |
| Last Modified: | 07 Aug 2019 07:49 |
| URI: | https://pred.uni-regensburg.de/id/eprint/9100 |
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