المستودع الأكاديمي جامعة المدينة

The Single Currency's Effects on Eurozone Sectoral Trade: Winners and Losers?

أعرض تسجيلة المادة بشكل مبسط

dc.creator Vicarelli, Claudio
dc.creator De Santis, Roberta
dc.creator De Nardis, Sergio
dc.date 2008
dc.date.accessioned 2013-10-16T06:57:59Z
dc.date.available 2013-10-16T06:57:59Z
dc.date.issued 2013-10-16
dc.identifier Economics: The Open-Access, Open-Assessment E-Journal 2 2008-17 1-34 doi:10.5018/economics-ejournal.ja.2008-17
dc.identifier doi:10.5018/economics-ejournal.ja.2008-17
dc.identifier http://hdl.handle.net/10419/18030
dc.identifier ppn:569562058
dc.identifier http://www.economics-ejournal.org/economics/journalarticles/2008-17
dc.identifier RePEc:zbw:ifweej:7330
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18030
dc.description In this paper we study the effect of the single currency across industries for euro area members. This analysis may help to shed light on the main factors influencing the euro effect on trade flows. We intend to verify whether these factors are specific to individual sectors and/or countries or common to the entire euro area. We use a dynamic specification of an augmented gravity equation. Following the most recent econometric literature, we apply the ?System GMM? dynamic panel data estimator of Blundell and Bond to avoid inconsistency and biases in the estimates, and introduce controls for heterogeneity. Aggregate sector results average out country-level behaviours that, on their turn, are affected by different (unobserved) responses of firms, endowed with diverse production costs, to the enhancing and dampening impacts due to the euro. Due to this reason, the cancelling out at aggregate level of heterogenous behaviours induces an aggregation bias. So it is not surprising that when moving from sector to sector/country analysis the picture becomes much more variegated, with the emergence of a whole range of winners and lossers among industries in the different nation. Our empirical results are in line with theoretical framework we assumed as reference that considers the possibility of both stimulative and dampening effects coming from trade integration and points out the fact that sector exports impacts are the aggregation results of firm-level heterogenous behaviours.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Economics - The Open-Access, Open-Assessment E-Journal 2008-17
dc.rights http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
dc.subject C33
dc.subject F4
dc.subject F15
dc.subject F14
dc.subject F33
dc.subject ddc:330
dc.subject International trade
dc.subject currency unions
dc.subject gravity models
dc.subject dynamic panel data
dc.subject Blundell-Bond estimates
dc.subject Europäische Wirtschafts- und Währungsunion
dc.subject Euro
dc.subject Industriegüteraußenhandel
dc.subject Außenhandelseffekt
dc.subject Gravitationsmodell
dc.subject EU-Staaten
dc.title The Single Currency's Effects on Eurozone Sectoral Trade: Winners and Losers?
dc.type doc-type:article
dc.coverage 1998-2004


الملفات في هذه المادة

الملفات الحجم الصيغة عرض

لا توجد أي ملفات مرتبطة بهذه المادة.

هذه المادة تبدو في المجموعات التالية:

أعرض تسجيلة المادة بشكل مبسط