Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/194215
Authors: 
Mensah, Isaac
Year of Publication: 
2017
Series/Report no.: 
FIW Working Paper No. 179
Abstract: 
This paper provides new empirical evidence of the "euro effect" on bilateral trade by allowing for a heterogeneous impact on "new" and "old" EMU members. By applying a Poisson estimator and focusing on a sample of 38 countries, our results show a statistically insignificant euro's effect on bilateral exports. However, disaggregating this effect, we report a relatively large euro's effect on bilateral trade for the "new" EMU countries. We also and no evidence of trade diversion, thus corroborating existing evidence. These results are robust to a number of sensitivity checks and, especially, to the use of a larger sample of countries.
Subjects: 
Gravity model
Bilateral exports
Euro
Poisson estimator
JEL: 
F4
F14
F15
F33
C33
Document Type: 
Working Paper

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