10.4225/03/59378d91e2fd4
Matyas, Laszlo
Laszlo
Matyas
Konya, Laszlo
Laszlo
Konya
Harris, Mark N.
Mark N.
Harris
Modelling Export Activity in a Multicountry Economic Area: The APEC Case
Monash University
2017
Gravity model
1997
Fixed effects model
1959.1/36070
Exports flows
Panel data
APEC countries
monash:6926
Foreign trade
2017-06-07 05:22:17
Journal contribution
https://bridges.monash.edu/articles/journal_contribution/Modelling_Export_Activity_in_a_Multicountry_Economic_Area_The_APEC_Case/5085220
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(s). The new approach is based on a panel data framework (instead of a simple cross sectional or times series approach) where the additional information available from using both types of data is utilised to properly model all the specific effects. The model is then estimated for a panel of APEC countries.