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

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F13%3A%230002265" target="_blank" >RIV/47813059:19520/13:#0002265 - isvavai.cz</a>

Výsledek na webu

<a href="http://icfb.rs.opf.slu.cz/content/conference-proceedings" target="_blank" >http://icfb.rs.opf.slu.cz/content/conference-proceedings</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2013

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Financial Regulation and Supervision in the After-Crisis Period. Proceedings of 13th International Conference on Finance and Banking

ISBN

978-80-7248-892-6

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

456-461

Název nakladatele

Silesian University, School of Business Administration

Místo vydání

Karviná

Místo konání akce

Ostrava

Datum konání akce

16. 10. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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