What determines bilateral trade flows?
By: Marianne Baxter, Michael A. Kouparitsas
Contributors: Kouparitsas, Michael A.; National Bureau of Economic Research
Series: NBER working paper series -- working paper 12188; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 12188.
Publisher: National Bureau of Economic Research
Published: 2006
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "This paper undertakes an exhaustive search for robust determinants of international trade, where "robustness" is tested using three popular empirical methods.  The paper is frankly atheoretical: our goal is solely to establish statistically robust relationships.  Along the way, however, we relate our results to the empirical results obtained by prior researchers and to the received theory of international trade.  We find that robust variables include a measure of the scale of factor endowments; fixed exchange rates; the level of development; and current account restrictions.  Variables that are robust under certain methods and sample periods include exchange rate volatility, an index of sectoral similarity, and currency union.  However, the estimated coefficient n currency union is much smaller than estimates obtained by prior researchers"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/8/2006.

Includes bibliographical references.

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