Abstract (may include machine translation)
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(s). The new approach is based on a panel data
framework (instead of a simple cross sectional or times series approach) where the additional
information available from using both types of data is utilised to properly model all the
specific effects. The model is then estimated for a panel of APEC countries.
This paper generalises the gravity model allowing for proper representation of local and target
country effects and also the business cycle(s). The new approach is based on a panel data
framework (instead of a simple cross sectional or times series approach) where the additional
information available from using both types of data is utilised to properly model all the
specific effects. The model is then estimated for a panel of APEC countries.
Original language | English |
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Place of Publication | Melbourne |
Publisher | Monash University |
State | Published - 1997 |