Extended Gravity Model of International Trade: An Empirical Application to Czech Trade Flows

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F14%3A%230002767" target="_blank" >RIV/47813059:19520/14:#0002767 - isvavai.cz</a>
Result on the web
<a href="http://icfb.rs.opf.slu.cz/sites/icfb.rs.opf.slu.cz/files/47_simakova.pdf" target="_blank" >http://icfb.rs.opf.slu.cz/sites/icfb.rs.opf.slu.cz/files/47_simakova.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Extended Gravity Model of International Trade: An Empirical Application to Czech Trade Flows
Original language description
The aim of this paper is to investigate the effect of exchange rate volatility on bilateral trade flows between the Czech Republic and its major trading partners. For this purpose we employ extended trade gravity model approach. Trade volume between a pair of countries is modeled as an increasing function of their sizes (GDP) and a decreasing function of the distance between the two countries. Additional factors included in extended model are population, dummies for common border; membership in EU and proxy for exchange rate volatility. Generally is expected that increased exchange rate volatility increases the risk of exporters and reduces foreign trade. This paper explores relationship between trade and exchange rate volatility using quarterly data over the period 1997:1 - 2012:2. In order to obtain the objective result, we use the panel data regression with 17 trading partners. Based on a gravity model that controls for other factors likely to determine bilateral trade, the results
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of 14th International Conference on Finance and Banking
ISBN
978-80-7248-939-8
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
416-421
Publisher name
Silesian University, School of Business Administration
Place of publication
Karviná
Event location
Ostrava
Event date
Oct 16, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000345575000047

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