Trade with BRICS: Effect of transportation costs

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F16%3A86096423" target="_blank" >RIV/61989100:27510/16:86096423 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Trade with BRICS: Effect of transportation costs
Original language description
This paper reports on panel gravity estimates of aggregate bilateral trade flows between the EU member countries and BRICS over the period 1995-2013 with special focus on variables representing transport costs. Standard gravity model uses standard measure for distance as proxy for transport costs. This paper provides modifications of distance employing new possible variables as proxy to transport costs, such as real distance and average port distance between selected countries and compares it to traditional approach of Great Circle Distance method as well as to other alternative methods. The gravity model brought interesting contradictory results in the sense of distance. It validates classic distance approach employing real values and categorical variables. Transport costs expressed by oil price reached expected values as well. The effect of real distance and average port distance was found insignificant and trade costs show positive effect.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 3rd International Conference on European Integration 2016 : ICEI 2016 : [Part 1-2] : May 19-20, 2016, Ostrava, Czech Republic
ISBN
978-80-248-3911-0
ISSN
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e-ISSN
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Number of pages
12
Pages from-to
1030-1042
Publisher name
VŠB - Technická univerzita Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
May 19, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000387986300116

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