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Liberalization of Trade with the European Union and its Impact on the Reduction in Central European Free Trade Agreement 2006 Trade Balance Deficit

Yıl 2015, Cilt: 5 Sayı: 2, 552 - 565, 01.06.2015

Öz

This paper's main objective is to research the effect of liberalization of trade with the European Union (EU) and its impact on the reduction in trade balance deficit of CEFTA 2006 (Central European Free Trade Agreement). It utilizes panel data time-series in the interval from 2007 to 2013. It applies economical gravity model and econometric dynamic panel data techniques: panel data models (PD), fixed effects models (FE) and random effects models (RE). It has been concluded that trade liberalization positively impacts the reduction in trade balance deficit of CEFTA 2006 countries, i.e. that export and import between the exporting country and the importing country within time period , gross domestic product of the country , gross domestic product per capita of the country within time period , distance between the country and country , dummy variables (free trade agreements and sharing a common border) are statistically significant. Additionally, it has been determined that FE is more favorable than RE when it comes to achieving better assessment of the effects of independent variables on a dependent variable.

Yıl 2015, Cilt: 5 Sayı: 2, 552 - 565, 01.06.2015

Öz

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Ayrıntılar

Diğer ID JA83MU94EZ
Bölüm Araştırma Makalesi
Yazarlar

Safet Kurtovic Bu kişi benim

Sead Talovic Bu kişi benim

Yayımlanma Tarihi 1 Haziran 2015
Yayımlandığı Sayı Yıl 2015 Cilt: 5 Sayı: 2

Kaynak Göster

APA Kurtovic, S., & Talovic, S. (2015). Liberalization of Trade with the European Union and its Impact on the Reduction in Central European Free Trade Agreement 2006 Trade Balance Deficit. International Journal of Economics and Financial Issues, 5(2), 552-565.
AMA Kurtovic S, Talovic S. Liberalization of Trade with the European Union and its Impact on the Reduction in Central European Free Trade Agreement 2006 Trade Balance Deficit. IJEFI. Haziran 2015;5(2):552-565.
Chicago Kurtovic, Safet, ve Sead Talovic. “Liberalization of Trade With the European Union and Its Impact on the Reduction in Central European Free Trade Agreement 2006 Trade Balance Deficit”. International Journal of Economics and Financial Issues 5, sy. 2 (Haziran 2015): 552-65.
EndNote Kurtovic S, Talovic S (01 Haziran 2015) Liberalization of Trade with the European Union and its Impact on the Reduction in Central European Free Trade Agreement 2006 Trade Balance Deficit. International Journal of Economics and Financial Issues 5 2 552–565.
IEEE S. Kurtovic ve S. Talovic, “Liberalization of Trade with the European Union and its Impact on the Reduction in Central European Free Trade Agreement 2006 Trade Balance Deficit”, IJEFI, c. 5, sy. 2, ss. 552–565, 2015.
ISNAD Kurtovic, Safet - Talovic, Sead. “Liberalization of Trade With the European Union and Its Impact on the Reduction in Central European Free Trade Agreement 2006 Trade Balance Deficit”. International Journal of Economics and Financial Issues 5/2 (Haziran 2015), 552-565.
JAMA Kurtovic S, Talovic S. Liberalization of Trade with the European Union and its Impact on the Reduction in Central European Free Trade Agreement 2006 Trade Balance Deficit. IJEFI. 2015;5:552–565.
MLA Kurtovic, Safet ve Sead Talovic. “Liberalization of Trade With the European Union and Its Impact on the Reduction in Central European Free Trade Agreement 2006 Trade Balance Deficit”. International Journal of Economics and Financial Issues, c. 5, sy. 2, 2015, ss. 552-65.
Vancouver Kurtovic S, Talovic S. Liberalization of Trade with the European Union and its Impact on the Reduction in Central European Free Trade Agreement 2006 Trade Balance Deficit. IJEFI. 2015;5(2):552-65.