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. 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 (i.e. cross sectional and time series) is utilised to
properly model all the specific effects. The model is applied to a panel of APEC countries.
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 (i.e. cross sectional and time series) is utilised to
properly model all the specific effects. The model is applied to a panel of APEC countries.
| Original language | English |
|---|---|
| Place of Publication | Melbourne |
| Publisher | University of Melbourne |
| State | Published - 2000 |
Publication series
| Name | Melbourne Institute Working Paper Series, Melbourne Institute of Applied Economic and Social Research ; 5/00. |
|---|