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The Impact Of Economic Diplomacy On Foreign Trade. Empirical Evidence For The European Countries

Author

Listed:
  • Cătălina BRATOSIN-VASILACHE

    (Alexandru Ioan Cuza University of Iaşi, Romania)

  • Liviu-George MAHA

    (Alexandru Ioan Cuza University of Iaşi, Romania)

Abstract

Lately, economic diplomacy has been gaining attention in the empirical studies, many of them focusing on the contribution of the diplomatic service and emphasizing the relevance of diplomatic relations in boosting trade. Thus, quantitative research design, mostly based on the gravity model of international trade, is being applied in analyzing the impact of economic diplomacy on international trade or foreign direct investments. This paper aims to present a comprehensive perspective of the empirical studies that consider economic diplomacy as one of the determinants of foreign trade in the European countries. The findings of this paper suggest that economic diplomacy, through activities carried by diplomatic representations abroad, such as embassies, consulates and export promotion agencies, has a positive impact on foreign trade.

Suggested Citation

  • Cătălina BRATOSIN-VASILACHE & Liviu-George MAHA, 2022. "The Impact Of Economic Diplomacy On Foreign Trade. Empirical Evidence For The European Countries," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 9, pages 53-67, December.
    • Handle: RePEc:jes:eurint:y:2022:v:9:p:53-67
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    References listed on IDEAS

    as
    1. Volker Nitsch, 2007. "State Visits and International Trade," The World Economy, Wiley Blackwell, vol. 30(12), pages 1797-1816, December.
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    3. Andrew K. Rose, 2007. "The Foreign Service and Foreign Trade: Embassies as Export Promotion," The World Economy, Wiley Blackwell, vol. 30(1), pages 22-38, January.
    4. Lederman, Daniel & Olarreaga, Marcelo & Payton, Lucy, 2006. "Export promotion agencies : what works and what doesn't," Policy Research Working Paper Series 4044, The World Bank.
    5. Yakop, M. & van Bergeijk, P.A.G., 2009. "The weight of economic and commercial diplomacy," ISS Working Papers - General Series 18715, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
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