The trade potential in manufacturing sectors 84-89 for the EU countries (Master thesis)
Trade expansion is an important component of growth. EU countries have benefited from advantages of a monetary union and liberalization of trade, however there is room for further expansion fo trade. This thesis employs an augmented gravity model equation to analyze EU trade ows for important commodities 84-89. The coefficients obtained are used to predict trade po- tential for the 28 exporting European countries. Fixed effects with panel data for the years 2005-16 have been used for estimation. The results show that all of the effects that are traditionally observed in the "gravity" approach are reasonable and statistically significant. In addition, cultural similarities such as language, ethnicity or colonialism do not show a significant effect upon bilateral trade for the commodities considered in this analysis. The EU coun- tries' trade potential results, which are illustrated through the use of maps, indicate that there is great potential with countries of the North America and the Asia-Pacific region, such as USA, China, Russia and Australia.
|Institution and School/Department of submitter:||Πανεπιστήμιο Ιωαννίνων. Σχολή Οικονομικών και Διοικητικών Επιστημών. Τμήμα Οικονομικών Επιστημών|
|Keywords:||Gravity models,Trade potential,Manufacturing,EU Countries|
|Appears in Collections:||Διατριβές Μεταπτυχιακής Έρευνας (Masters)|
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