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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.identifier.issn0377-7332
dc.identifier.issn1435-8921
dc.identifier.urihttp://doi.org/10.1007/s00181-013-0696-3
dc.identifier.urihttps://hdl.handle.net/20.500.12846/303
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.en_US
dc.language.isoengen_US
dc.publisherPhysica-Verlag Gmbh & Coen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
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?en_US
dc.typearticleen_US
dc.relation.journalEmpirical Economicsen_US
dc.identifier.volume46en_US
dc.identifier.issue2en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.contributor.departmentTAÜ, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümüen_US
dc.contributor.institutionauthorNuroğlu, Elif
dc.identifier.doi10.1007/s00181-013-0696-3
dc.identifier.startpage733en_US
dc.identifier.endpage741en_US


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