Bookcover of Gravity of the Customs Union
Booktitle:

Gravity of the Customs Union

The Customs Union of Belarus, Russia and Kazakhstan: Gravity Model Approach to Estimation of Trade Flows Changes

LAP LAMBERT Academic Publishing (2012-12-11 )

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ISBN-13:

978-3-8465-3764-0

ISBN-10:
3846537640
EAN:
9783846537640
Book language:
English
Blurb/Shorttext:
This study measures the anticipatory trade creation and trade diversion effects of Customs Union of Belarus, Russia and Kazakhstan (CUBRK) for chosen industries. Those effects are estimated using Gravity Model of Trade (GMT). Log-linerized and exponential specifications of GMT are estimated with the help of OLS and Poisson-Pseudo-Maximum-Likelihood (PPML) estimators. Models include time fixed effects and variables which deal with endogeneity issues. The research data contain large amount of zeros, so OLS is estimated mainly for comparison reasons, since it was proven to be biased in case of zero trade flows. The inference is made based on PPML estimation. In order to capture gradual changes in trade flows, dynamic models are estimated along with static models.
Publishing house:
LAP LAMBERT Academic Publishing
Website:
https://www.lap-publishing.com/
By (author) :
Dzianis Tauhen
Number of pages:
60
Published at:
2012-12-11
Stock:
Available
Category:
Economics
Price:
49.00 €
Keywords:
international trade, Gravity Model, Customs Union

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