Analysis of international trade integration of Eurasian countries: gravity model approach

2021 ◽  
Author(s):  
Anna Golovko ◽  
Hasan Sahin
Keyword(s):  
International Trade ◽  
Gravity Model ◽  
Trade Integration ◽  
Model Approach

scholarly journals Globalization and export flows between Eurasian Economic Union countries: a gravity model approach

2020 ◽  
Vol 74 ◽  
pp. 06001
Author(s):  
Juliet Abakumova ◽  
Olena Primierova
Keyword(s):  
Gravity Model ◽  
Positive Impact ◽  
Gravity Models ◽  
Trade Integration ◽  
Transport Costs ◽  
Integration Model ◽  
Time Estimates ◽  
Eurasian Economic Union ◽  
Model Approach

In the empirical tools for the research of trade integration a special place is occupied by gravity models, insofar as these models have rather high accuracy in explaining mutual trade flows. Recently, however, the gravity model approach has been subjected to critical rethinking: globalization brought considerable changes not only in economic growth, but also in international trade, what allowed speaking about a “Death of Distance”. At the same time, estimates based on gravity models almost always demonstrated an increase in the coefficient of distance as a proxy for transport costs, which contradicts the general perception of the phenomenon of globalization. The paper is devoted to testing the validity of inclusion of the globalization index in the model, which would allow consider the role of globalization in bilateral cross-country trade, as well as testing the hypothesis of reducing the coefficient of distance. Based on the annual panel data over the period 2000-2016 the trade integration model for the EEU countries was estimated. To test the hypothesis of a decrease in the estimated coefficient of distance over time, the gravity model was also evaluated at different time intervals. And the positive impact of the globalization factor on the volume of exports is revealed.

scholarly journals The Gravity Model Approach: An Application on the Eco Was Trading Bloc

2016 ◽  
Vol 11 (1) ◽  
pp. 67-75 ◽  
Author(s):  
Afolabi O. Luqman ◽  
Nor Aznin Abu Bakar ◽  
Azman Aziz Mukhriz Izraf
Keyword(s):  
Gravity Model ◽  
Bilateral Trade ◽  
Strong Relationship ◽  
Trade Flows ◽  
Gravity Models ◽  
Trade Integration ◽  
Regional Trade ◽  
Trading Bloc ◽  
Bilateral Trade Flows ◽  
Model Approach

Abstract This study aims to examine bilateral trade flows across ECOWAS-15 nations with the use of a panel and cross section for the period of 1981-2013. The methodology carried out to achieve this objective involves the use of various techniques of estimation for the gravity model (Static and dynamic). More specifically, this study aims to investigate the formational impact of regional trade integration agreements on trade flows within a group of countries using the same currencies and ECOWAS at large. The main use of regional variables into gravity models is intended to determine whether RTAs lead to trade creation, or diversion. The results show the presence of a strong relationship among the factors of both RIAs and trade flows.

Analysis of the impact of bilateral and transit quotas on Turkey's international trade by road transport: An integrated maximum flow and gravity model approach

2017 ◽  
Vol 66 ◽  
pp. 70-77 ◽  
Author(s):  
Bora Çekyay ◽  
Peral Toktaş Palut ◽  
Özgür Kabak ◽  
Füsun Ülengin ◽  
Özay Özaydın ◽  
...  
Keyword(s):  
International Trade ◽  
Gravity Model ◽  
Maximum Flow ◽  
Road Transport ◽  
The Impact ◽  
Model Approach
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