New Evidence on Trade and FDI: how Large is the Euro Effect?
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Other documents of the author: Camarero, Mariam; Gómez-Herrera, Estrella; Tamarit, Cecilio
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Show full item recordcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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https://doi.org/10.1007/s11079-018-9479-y |
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Title
New Evidence on Trade and FDI: how Large is the Euro Effect?Date
2018Publisher
SpringerISSN
0923-7992; 1573-708XBibliographic citation
Camarero, M., Gómez-Herrera, E. & Tamarit, C. Open Econ Rev (2018) 29: 451. https://doi.org/10.1007/s11079-018-9479-yType
info:eu-repo/semantics/articlePublisher version
https://link.springer.com/article/10.1007/s11079-018-9479-yVersion
info:eu-repo/semantics/publishedVersionSubject
Abstract
In this paper we analyse the effect that the euro has had on trade using a gravity model for 28 countries and covering the period 1990–2013. Our gravity specification includes time-varying fixed effects, correcting ... [+]
In this paper we analyse the effect that the euro has had on trade using a gravity model for 28 countries and covering the period 1990–2013. Our gravity specification includes time-varying fixed effects, correcting any possible bias that may arise from multilateral resistance variables or unobserved time-varying heterogeneity. Additionally, we explore the potential complementarity or substitution relationship between FDI and trade by including FDI inward and outward stocks in the specification. The time period in the dataset covers the creation and evolution of the European Monetary Union (EMU), starting from the introduction of notes and coins and including the recent economic crisis. Overall, our results show a positive effect of the EMU on trade and reveal the existence of a complementary relationship between trade and FDI. [-]
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Open Econ Rev (2018) 29Investigation project
ECO2017-83255-C3-3-PRights
http://rightsstatements.org/vocab/CNE/1.0/
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info:eu-repo/semantics/restrictedAccess
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