[go: up one dir, main page]
More Web Proxy on the site http://driver.im/
  EconPapers    
Economics at your fingertips  
 

What determines bilateral trade flows?

Marianne Baxter () and Michael Kouparitsas ()

No WP-05-11, Working Paper Series from Federal Reserve Bank of Chicago

Abstract: This paper undertakes an exhaustive search for robust determinants of international trade, where \"robustness\" is tested using three popular empirical methods. The paper is frankly atheoretical: our goal is solely to establish statistically robust relationships. Along the way, however, we relate our results to the empirical results obtained by prior researchers and to the received theory of international trade. We find that robust variables include a measure of the scale of factor endowments; fixed exchange rates; the level of development; and current account restrictions. Variables that are robust under certain methods and sample periods include exchange rate volatility, an index of sectoral similarity, and currency union. However, the estimated coefficient on currency union is much smaller than estimates obtained by prior researchers.

Keywords: Business cycles; Trade (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-int
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.chicagofed.org/digital_assets/publicati ... s/2005/wp2005_11.pdf (application/pdf)

Related works:
Working Paper: What Determines Bilateral Trade Flows? (2006) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhwp:wp-05-11

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Paper Series from Federal Reserve Bank of Chicago Contact information at EDIRC.
Bibliographic data for series maintained by Lauren Wiese ().

 
Page updated 2025-02-11
Handle: RePEc:fip:fedhwp:wp-05-11