Competing specifications of the gravity equation: a three-way model, bilateral interaction effects, or a dynamic gravity model with time-varying country effects?

Basit Öğe Kaydı
dc.contributor.authorNuroğlu, Elif
dc.contributor.authorKunst, Robert M.
dc.date.accessioned2021-01-08T21:51:29Z
dc.date.available2021-01-08T21:51:29Z
dc.date.issued2014
dc.departmentTAÜ, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümüen_US
dc.descriptionKunst, Robert/0000-0001-6831-2471; Nuroglu, Elif/0000-0002-1491-4722en_US
dc.descriptionWOS:000331006400014en_US
dc.description.abstractWe investigate bilateral trade flows across the EU-15 countries from 1962 to 2003 by different specifications of the gravity model. We augment the basic gravity model with population and exchange rate variables, and then include time-varying country fixed effects, to account for Anderson and van Wincoop (Am Econ Rev 93(1):170-192, 2003) multilateral resistance terms. Then, following the previous theoretical derivations of the gravity model in the presence of panel data in a dynamic setting we change the specification of our gravity model. We compare the results of different specifications showing the improvement in each case. We claim the comparative superiority of the dynamic gravity model with time-varying exporter and importer fixed effects due to its higher explanatory power. Finally, we compare out-of-sample forecasting performance of different specifications of the gravity model.
dc.identifier.doi10.1007/s00181-013-0696-3
dc.identifier.endpage741en_US
dc.identifier.issn0377-7332
dc.identifier.issn1435-8921
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-84893717194
dc.identifier.scopusqualityQ1
dc.identifier.startpage733en_US
dc.identifier.urihttp://doi.org/10.1007/s00181-013-0696-3
dc.identifier.urihttps://hdl.handle.net/20.500.12846/303
dc.identifier.volume46en_US
dc.identifier.wosWOS:000331006400014
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorNuroğlu, Elif
dc.language.isoen
dc.publisherPhysica-Verlag Gmbh & Co
dc.relation.ispartofEmpirical Economics
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectGravity Modelen_US
dc.subjectExporter Effectsen_US
dc.subjectImporter Effectsen_US
dc.subjectTime Effectsen_US
dc.subjectBilateral Interaction Effectsen_US
dc.subjectTime Varying Fixed Effectsen_US
dc.subjectDynamic Gravityen_US
dc.titleCompeting specifications of the gravity equation: a three-way model, bilateral interaction effects, or a dynamic gravity model with time-varying country effects?
dc.typeArticle

Dosyalar

Orijinal paket
Listeleniyor 1 - 1 / 1
[ X ]
İsim:
0303.pdf
Boyut:
157.55 KB
Biçim:
Adobe Portable Document Format
Açıklama:
Tam Metin / Full Text
İndir

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
İktisat Bölümü Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu