Augmented Gravity Model of International Trade: An Empirical Application to Poland's Trade Flows

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Augmented Gravity Model of International Trade: An Empirical Application to Poland's Trade Flows

Popis výsledku v původním jazyce

This paper applies the gravity model to Poland´s international trade with aim to assess the impact of exchange rate uncertainty of Polish zloty on the trade flows with its main trading partners. Basic gravity model shows trade volume between a pair of countries as an increasing function of their sizes (GDP) and a decreasing function of the distance between them. Additional factors included in extended model are population, common border and exchange rate volatility. The measure of exchange rate volatility is estimated by GARCH model. The analysis is provided by using quarterly data over the period 1999:1 - 2014:3. Analysis uses panel data regression for 10 sectors of Poland´s international trade based on SITC classification and six major trading partners (Czech Republic, Germany, France, Great Britain, Italy and Slovakia). The significant parameters obtained from panel regression demonstrate that bilateral exchange rate volatility leads to a decrease in Poland´s total trade. The same d

Název v anglickém jazyce

Augmented Gravity Model of International Trade: An Empirical Application to Poland's Trade Flows

Popis výsledku anglicky

This paper applies the gravity model to Poland´s international trade with aim to assess the impact of exchange rate uncertainty of Polish zloty on the trade flows with its main trading partners. Basic gravity model shows trade volume between a pair of countries as an increasing function of their sizes (GDP) and a decreasing function of the distance between them. Additional factors included in extended model are population, common border and exchange rate volatility. The measure of exchange rate volatility is estimated by GARCH model. The analysis is provided by using quarterly data over the period 1999:1 - 2014:3. Analysis uses panel data regression for 10 sectors of Poland´s international trade based on SITC classification and six major trading partners (Czech Republic, Germany, France, Great Britain, Italy and Slovakia). The significant parameters obtained from panel regression demonstrate that bilateral exchange rate volatility leads to a decrease in Poland´s total trade. The same d

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

2015

Kód důvěrnosti údajů

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

Název statě ve sborníku

European Financial Systems 2015. Proceedings of the 12th International Scientific Conference

ISBN

978-80-210-7962-5

ISSN

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e-ISSN

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Počet stran výsledku

7

Strana od-do

611-617

Název nakladatele

Masaryk University

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

18. 6. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000370679200080