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dc.contributor.authorMartínez-Zarzoso, Inmaculadaen
dc.contributor.authorNowak-Lehmann D., Felicitasen
dc.contributor.authorHorsewood, Nicholasen
dc.date.accessioned2006-09-07-
dc.date.accessioned2009-08-07T11:41:13Z-
dc.date.available2009-08-07T11:41:13Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/27439-
dc.description.abstractThis paper evaluates the static effects of preferential agreements between several economic blocs and areas using a dynamic gravity equation. The main aim is to investigate whether regionalism has fostered intra or/and extra blocs international trade, taking into account the existence of heterogeneity over time and across countries and testing whether a dynamic model is preferred to the traditional static specification of the gravity model. This paper argues that the gravity model should be best estimated using Blundell and Bond's (1998) system-GMM estimator. This procedure remedies some econometric problems such as regressor endogeneity, measurement error and weak instruments, and controls for timeinvariant country-specific effects such as distance or common language.en
dc.language.isoengen
dc.publisher|aGeorg-August-Universität Göttingen, Ibero-America Institute for Economic Research (IAI) |cGöttingenen
dc.relation.ispartofseries|aIAI Discussion Papers |x149en
dc.subject.jelF14en
dc.subject.jelF15en
dc.subject.ddc330en
dc.titleEffects of regional trade agreements using a static and dynamic gravity equation-
dc.type|aWorking Paperen
dc.identifier.ppn517167190en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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