Gravity Approach for Analysing Bilateral Trade Flows of the Baltic Rim Countries
The gravity equation for analysing the trade flows between the Baltic Rim countries have been elaborated in order to test the hypothesis that the knowledge resulting from universal law of nature is also applicable for exploring bilateral trade flows of the countries. The results of the study support the statement that the size of economy, which is expressed by the size of population, has statistically significant and positive influence on the bilateral trade flows. Distance has a negative impact on trade flows expressing most significantly cultural proximity and historical relationship between the countries of the region. The Baltic rim regional integration effect in trade is inherently larger for small countries.
Volume (Year): 5 (2002)
Issue (Month): Special Conference Issue (December)
|Contact details of provider:|| Postal: Trg J.F.Kennedya 6, 10000 Zagreb|
Phone: +385 1 233-5633
Fax: +385 1 238-3333
Web page: http://www.efzg.hr/
More information through EDIRC
|Order Information:|| Postal: Zagreb International Review of Economics and Business, Faculty of Economics and Business, Trg J. F. Kennedy 6, 10000 Zagreb, Croatia.|
Web: http://www.efzg.hr/default.aspx?id=6045 Email:
When requesting a correction, please mention this item's handle: RePEc:zag:zirebs:v:5:y:2002:i:sci:p:83-96. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jurica Šimurina)
If references are entirely missing, you can add them using this form.