New Evidence on Trade and FDI: how Large is the Euro Effect?
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Otros documentos de la autoría: Camarero, Mariam; Gómez-Herrera, Estrella; Tamarit, Cecilio
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https://doi.org/10.1007/s11079-018-9479-y |
Metadatos
Título
New Evidence on Trade and FDI: how Large is the Euro Effect?Fecha de publicación
2018Editor
SpringerISSN
0923-7992; 1573-708XCita bibliográfica
Camarero, M., Gómez-Herrera, E. & Tamarit, C. Open Econ Rev (2018) 29: 451. https://doi.org/10.1007/s11079-018-9479-yTipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://link.springer.com/article/10.1007/s11079-018-9479-yVersión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
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. [-]
Publicado en
Open Econ Rev (2018) 29Proyecto de investigación
ECO2017-83255-C3-3-PDerechos de acceso
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/restrictedAccess
info:eu-repo/semantics/restrictedAccess
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