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Modelling Export Activity of Eleven APEC Countries, 1978-1997

Author

Listed:
  • Matyas, L.
  • Konya, L.
  • Harris, M.N.

Abstract

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

Suggested Citation

  • Matyas, L. & Konya, L. & Harris, M.N., 2004. "Modelling Export Activity of Eleven APEC Countries, 1978-1997," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(4).
    • Handle: RePEc:eaa:aeinde:v:4:y:2004:i:1_29
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    File URL: http://www.usc.es/economet/reviews/aeid445.pdf
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    References listed on IDEAS

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    3. Aitken, Norman D, 1973. "The Effect of the EEC and EFTA on European Trade: A Temporal Cross-Section Analysis," American Economic Review, American Economic Association, vol. 63(5), pages 881-892, December.
    4. Thursby, Jerry G & Thursby, Marie C, 1987. "Bilateral Trade Flows, the Linder Hypothesis, and Exchange Risk," The Review of Economics and Statistics, MIT Press, vol. 69(3), pages 488-495, August.
    5. Frankel, Jeffrey & Stein, Ernesto & Wei, Shang-jin, 1995. "Trading blocs and the Americas: The natural, the unnatural, and the super-natural," Journal of Development Economics, Elsevier, vol. 47(1), pages 61-95, June.
    6. Anderson, James E, 1979. "A Theoretical Foundation for the Gravity Equation," American Economic Review, American Economic Association, vol. 69(1), pages 106-116, March.
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    Cited by:

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    3. María Santana-Gallego & Francisco J. Ledesma-Rodríguez & Jorge V. Pérez-Rodríguez, 2010. "Exchange Rate Regimes and Tourism," Tourism Economics, , vol. 16(1), pages 25-43, March.
    4. Yongcheol Shin & Laura Serlenga, 2007. "Gravity models of intra-EU trade: application of the CCEP-HT estimation in heterogeneous panels with unobserved common time-specific factors," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(2), pages 361-381.

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    More about this item

    Keywords

    Gravity model; Panel data; Fixed effects model; Export flows; APEC countries;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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