Modelling Export Activity of Eleven APEC Countries

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    Author
    Matyas, Laszlo; Konya, Laszlo; Harris, Mark N.
    Date
    2000-03
    University of Melbourne Author/s
    HARRIS, MARK NORMAN
    Affiliation
    Economics and Commerce: Melbourne Institute of Applied Economic and Social Research
    Metadata
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    Document Type
    Preprint
    Citations
    Matyas, Laszlo and Konya, Laszlo and Harris, Mark N. (2000) Modelling Export Activity of Eleven APEC Countries.
    Access Status
    Open Access
    URI
    http://hdl.handle.net/11343/33676
    Abstract
    The gravity model has long been used for modelling and predicting trade flows. This paper generalises the gravity model allowing for proper representation of local and target country effects and also the business cycle. The new approach is based on a panel data framework (instead of a simple cross sectional or time series approach) where the additional information available from using both types of data (ie. cross sectional and time series) is utilised to properly model all the specific effects. The model is applied to a panel of APEC countries.
    Keywords
    JEL Classification C23 Models with Panel Data; F17 Trade Forecasting and Simulation; gravity model; panel data; foreign trade; fixed effects model; export flows; APEC countries

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