Modelling Export Activity of Eleven APEC Countries
AuthorMatyas, Laszlo; Konya, Laszlo; Harris, Mark N.
University of Melbourne Author/sHARRIS, MARK NORMAN
AffiliationEconomics and Commerce: Melbourne Institute of Applied Economic and Social Research
CitationsMatyas, Laszlo and Konya, Laszlo and Harris, Mark N. (2000) Modelling Export Activity of Eleven APEC Countries.
Access StatusOpen Access
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.
KeywordsJEL 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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