MULTI-DIMENSIONAL PANEL DATA GRAVITY MODEL: AN ANALYSIS OF APEC COUNTRIES
MULTI-DIMENSIONAL PANEL DATA GRAVITY MODEL: AN ANALYSIS OF APEC COUNTRIES
Author(s): Elanur TÜRKÜZ, Hatice Nazan ÇağlarSubject(s): Business Economy / Management, International relations/trade, Methodology and research technology, Economic development, Financial Markets
Published by: Kafkas Üniversitesi Sağlık, Kültür ve Spor Daire Başkanlığı Dijital Baskı Merkezi
Keywords: International Trade; Gravity Model; Multi-Dimensional Panel Data Model;
Summary/Abstract: The traditional gravity model of international trade has been through many changes in order to develop and answer new research questions. Taking this development into account this paper investigates a more enhanced panel data approach by extending the classic approach by allowing for both indiviual and time effects to be apparent in order to capture country specific and time effects with a multidimensional panel data model for APEC countries. By using a three dimensional panel gravity model with a least squares dummy variable approach we were able to identify countries with stronger propensities to import and export.
Journal: Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
- Issue Year: 10/2019
- Issue No: 20
- Page Range: 1007-1027
- Page Count: 21
- Language: English