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Title: | Intra-European Trade of Manufacturing Goods: An Extension of the Gravity Model | Authors: | VANCAUTEREN, Mark Weiserbs, Daniel |
Issue Date: | 2011 | Publisher: | Econometric Research Association | Source: | International Econometric Review, 3(1). p. 1-24 | Abstract: | In this paper we propose and test several extensions of the standard gravity model. This yields a specification that allows for (i) a more flexible income response; (ii) a competitiveness effect with a general and a specific component; and (iii) an alternative and consistent measure of remoteness. Those extensions were found to be significant factors to explain intra-EU trade. Next, we analyze the effect of EU harmonization of technical regulations on domestic and intra-EU trade. We find, at different levels of aggregation of the manufacturing sector, that harmonization of regulations has contributed to more intra-EU trade, but, apparently did not affect the so-called border effect. | Document URI: | http://hdl.handle.net/1942/12283 | ISSN: | 1308-8793 | Category: | A1 | Type: | Journal Contribution | Validations: | vabb 2012 |
Appears in Collections: | Research publications |
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