Detail publikačního výsledku

Billateral Trade with Multilateral Resistance Terms: Analysis of Gravity Equation

MICHALÍKOVÁ, E.; PAULUS, M.

Original Title

Billateral Trade with Multilateral Resistance Terms: Analysis of Gravity Equation

English Title

Billateral Trade with Multilateral Resistance Terms: Analysis of Gravity Equation

Type

Paper in proceedings (conference paper)

Original Abstract

In this paper we include a multilateral resistance term to the gravity model and we estimate parameters of gravity model of trade between different countries. To solve this problem we cover 134 countries and period between 2006 and 2014. A traditional approach is to estimate panel data by fixed effects. Instead of this it is recommended to use Taylor approximation. We employ two different forms of Taylor approximation and we estimated regression model of bilateral trade by Pseudo Poisson Maximum Likelihood method.

English abstract

In this paper we include a multilateral resistance term to the gravity model and we estimate parameters of gravity model of trade between different countries. To solve this problem we cover 134 countries and period between 2006 and 2014. A traditional approach is to estimate panel data by fixed effects. Instead of this it is recommended to use Taylor approximation. We employ two different forms of Taylor approximation and we estimated regression model of bilateral trade by Pseudo Poisson Maximum Likelihood method.

Keywords

billateral trade; multilateral resistance term; Taylor approximation; gravity model

Key words in English

billateral trade; multilateral resistance term; Taylor approximation; gravity model

Authors

MICHALÍKOVÁ, E.; PAULUS, M.

RIV year

2016

Released

11.11.2015

ISBN

978-0-9860419-5-2

Book

26th International-Business-Information-Management-Association Conference

Pages from

1

Pages to

8

Pages count

8

Full text in the Digital Library

http://hdl.handle.net/

BibTex

@inproceedings{BUT121671,
  author="Eva {Michalíková} and Michal {Paulus}",
  title="Billateral Trade with Multilateral Resistance Terms: Analysis of Gravity Equation",
  booktitle="26th International-Business-Information-Management-Association Conference",
  year="2015",
  pages="1--8",
  isbn="978-0-9860419-5-2"
}