Is the ‘euro effect’ on trade so small after all? New evidence using gravity equations with panel cointegration techniques
Ver/ Abrir
Impacto
Scholar |
Otros documentos de la autoría: Camarero, Mariam; Gómez-Herrera, Estrella; Tamarit, Cecilio
Metadatos
Mostrar el registro completo del ítemcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONMetadatos
Título
Is the ‘euro effect’ on trade so small after all? New evidence using gravity equations with panel cointegration techniquesFecha de publicación
2014-07Editor
ElsevierISSN
0165-1765Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://www.sciencedirect.com/science/article/pii/S0165176514001670Versión
info:eu-repo/semantics/submittedVersionPalabras clave / Materias
Resumen
In this paper we present new evidence on the aggregate effect of the euro on trade using data for 26 OECD countries for the period 1967–2008. We strive to fill the gaps present in the previous literature through a ... [+]
In this paper we present new evidence on the aggregate effect of the euro on trade using data for 26 OECD countries for the period 1967–2008. We strive to fill the gaps present in the previous literature through a second-generation panel cointegration tests and estimators that account for both cross-section dependence in the data and discontinuities in the deterministic and the cointegrating vector in the time dimension. This approach allows us to put the adoption of the euro by EMU members in historical perspective. We argue that the creation of the EMU is best interpreted as a progression of policy changes. Once we control for all of them the euro effect decreases considerably but is still significant. [-]
Publicado en
Economics Letters, 2014, vol. 124, núm. 1Derechos de acceso
Copyright © 2014 Elsevier B.V. All rights reserved.
Copyright © 2015 Elsevier B.V. or its licensors or contributors. ScienceDirect® is a registered trademark of Elsevier B.V.
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
Aparece en las colecciones
- ECO_Articles [688]