文章基本信息

标题：The Euro’s Effects on Trade in a Dynamic Setting
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作者：Sergio de Nardis ; Roberta De Santis ; Claudio Vicarelli 等
期刊名称：European Journal of Comparative Economics
印刷版ISSN：1824-2979
出版年度：2008
卷号：05
期号：01
页码：73-85
出版社：European Association for Comparative Economic Studies and Universita Carlo Cattaneo
摘要：This paper provides an update on estimates of the euro effect on trade integration among EMU economies, taking into account the aggregate bilateral exports of 23 OECD countries for the sample period 1988-2004. We consider 13 exporting European countries and 23 importing industrialized countries We utilize the dynamic panel data estimator proposed by Blundell and Bond (1998) and introduce controls for heterogeneity. The results of our dynamic specification of the gravity equation yield an estimate of the short run intra-Eurozone pro-trade effect, following the adoption of the single currency, which is as high as around 4% (17% in the long run). This finding, slightly lower than the results set out in our previous studies, is in line with those of very recent empirical analyses using dynamic specification of the gravity equation. It is also consistent with the already tight trade links characterizing the economies that have adopted the euro.
关键词：International trade ; currency unions ; gravity models ; dynamic panel data