Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/120420
Authors: 
Paulus, Michal
Michalíková, Eva
Year of Publication: 
2014
Series/Report no.: 
IES Working Paper 32/2014
Abstract: 
The results generally confirm that Czech trade is oriented towards European countries and determined primarily by key economic factors of domestic and foreign GDP. The institutional variables remain largely insignificant, except corruption due tothe counterintuitive result that a higher corruption level in partner country should boost mutual trade. We interpret this finding as a result of "corruption matching". The exclusion of outliers (LTS) significantly increases R-square and extends the number of significant determining factors (e.g. population or other institutional variables). The outliers, according to the LTS, are composed mainly of African, Asia and South or Central America states.
Subjects: 
Czech Republic
export
gravity model
fixed effects
LSDV
least trimmed squares
JEL: 
C13
C23
F10
F12
F14
Document Type: 
Working Paper
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