Araştırma Makalesi

MULTI-DIMENSIONAL PANEL DATA GRAVITY MODEL: AN ANALYSIS OF APEC COUNTRIES

Cilt: 10 Sayı: 20 31 Aralık 2019
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MULTI-DIMENSIONAL PANEL DATA GRAVITY MODEL: AN ANALYSIS OF APEC COUNTRIES

Öz

The traditional gravity model of international trade has been through many changes in order to develop and answer new research questions. Taking this development into account this paper investigates a more enhanced panel data approach by extending the classic approach by allowing for both indiviual and time effects to be apparent in order to capture country specific and time effects with a multidimensional panel data model for APEC countries. By using a three dimensional panel gravity model with a least squares dummy variable approach we were able to identify countries with stronger propensities to import and export.

Anahtar Kelimeler

Kaynakça

  1. Aitken, N. D. (1973). The effect of the EEC and EFTA on european trade: a temporal cross-section analysis. The American Economic Review, 63(5), 881-892. Anderson, J. (1979). A theoretical foundation for the gravity equation. The American Economic Review, 69(1), 106-116.APEC (Asia Pacific Economic Cooperation). (2015). Asia pacific economic cooperation, achievements and benefits. https://www.apec.org/About-Us/About-APEC/Achievements-and-Benefits. 20.01.2019Balazsi, L., Matyas, L., & Wansbeek, T. (2018). The estimation of multidimensional fixed effects panel data models. Econometric Reviews, 37(3), 212-227.Baldwin, R., & Taglioni, D. (2006). Gravity for dummies and dummies for gravity equations. National Bureau of Economic Research, Working Papers, (12516), https://www.nber.org/papers/w12516.Baltagi, H.B. (2008). Econometric analysis of panel data. England: John Wiley & Sons, Ltd. Bergstrand, J.H. (1989). The generalized gravity equation, monopolistic competition, and the factor-proportions theory in international trade. The Review of Economics and Statistics, 71(1), 143-153.Cheng, I.H., & Wall, J.H. (2005). Controlling for heterogeneity in gravity models of trade and integration. Economic Research Federal Reserve Bank of St. Louis, 87(1), 49-63.Deardorff, A.V. (1995). Determinants of bilateral trade: does gravity work in neoclassical world?. National Bureau of Economic Research, Working Paper, (5377), https://www.nber.org/papers/w5377.Egger, P., & Pfaffermayr, M. (2003). The proper econometric specification of the gravity equation: a three-way model with bilateral interaction effects. Empirical Economics, 28, 571-580. Frankel, J.A., & Romer, D. (1996). Trade and growth: an empirical investigation. National Bureau of Economic Research, Working Paper, (5476), https://www.nber.org/papers/w5476. Head, K., & Mayer, T. (2002). Illusory border effects: distance mismeasurement inflates estimates of home bias in trade. Centre d'etudes prospectives et d'informations internationales, Working Papers , (2002-01), http://www.cepii.fr/PDF_PUB/wp/2011/wp2011-25.pdf. Heckscher, E. (1919). The effect of foreign trade on the distribution of income. Ekonomisk Tidskrift, 21, 497-512.Hsiao, C. (2003). Analysis of panel data. New York: Chambridge University Press. Keum, K. (2010). Tourism flows and trade theory: a panel data analysis with the gravity model, The Annals of Regional Science, 44(3), 541-557. Kadaroo, J., & Seetanah, B. (2008). The role of transport infrastructure in international tourism development: a gravity model approach. Tourism Management, 29, 831-840.Krugman, P. (1980). Scale economies, product differentiation and the pattern of trade, The American Economic Review, 70(5), 950-959.Linnemann, H. (1966). An econometric study of international trade flows, Amsterdam: North-Holland Publishing Co..Lowe, J.M., & Sen, A. (1996). Gravity model applications in health planning. analysis of an urban hospital market. Journal of Regional Science, 36(3), 437-461.Mansfield E.D., & Bronson, R. (1994). Alliances, preferential trading arrangements and international trade. American Political Science Review, 91(1), 94-107.Mansfield E.D., & Gowa J. (1993). Power politics and international trade. The American Political Science Review, 87(2), 408-420. Matyas, L. (1997). Proper econometrics specification of the gravity model. The World Economy, 20(3), 363-368. Mayer, T., & Zignago, S. (2011). Notes on CEPII’s distance measures: the geodist database. Centre d'etudes prospectives et d'informations internationales, Working papers, (25), http://www.cepii.fr/PDF_PUB/wp/2011/wp2011-25.pdf.Morley, C., Rossello, J., & Gallego, M.S. (2014). Gravity models for tourism demand: theory and use. Annals of Tourism Research, 48, 1-40.Ohlin, B. (1933). Interregional and international trade. Cambridge: Harvard University Press.

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

31 Aralık 2019

Gönderilme Tarihi

18 Şubat 2019

Kabul Tarihi

12 Kasım 2019

Yayımlandığı Sayı

Yıl 2019 Cilt: 10 Sayı: 20

Kaynak Göster

APA
Çağlar, H. N., & Türküz, E. (2019). MULTI-DIMENSIONAL PANEL DATA GRAVITY MODEL: AN ANALYSIS OF APEC COUNTRIES. Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 10(20), 1007-1027. https://doi.org/10.36543/kauiibfd.2019.043
AMA
1.Çağlar HN, Türküz E. MULTI-DIMENSIONAL PANEL DATA GRAVITY MODEL: AN ANALYSIS OF APEC COUNTRIES. KAÜİİBFD. 2019;10(20):1007-1027. doi:10.36543/kauiibfd.2019.043
Chicago
Çağlar, Hatice Nazan, ve Elanur Türküz. 2019. “MULTI-DIMENSIONAL PANEL DATA GRAVITY MODEL: AN ANALYSIS OF APEC COUNTRIES”. Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 10 (20): 1007-27. https://doi.org/10.36543/kauiibfd.2019.043.
EndNote
Çağlar HN, Türküz E (01 Aralık 2019) MULTI-DIMENSIONAL PANEL DATA GRAVITY MODEL: AN ANALYSIS OF APEC COUNTRIES. Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 10 20 1007–1027.
IEEE
[1]H. N. Çağlar ve E. Türküz, “MULTI-DIMENSIONAL PANEL DATA GRAVITY MODEL: AN ANALYSIS OF APEC COUNTRIES”, KAÜİİBFD, c. 10, sy 20, ss. 1007–1027, Ara. 2019, doi: 10.36543/kauiibfd.2019.043.
ISNAD
Çağlar, Hatice Nazan - Türküz, Elanur. “MULTI-DIMENSIONAL PANEL DATA GRAVITY MODEL: AN ANALYSIS OF APEC COUNTRIES”. Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 10/20 (01 Aralık 2019): 1007-1027. https://doi.org/10.36543/kauiibfd.2019.043.
JAMA
1.Çağlar HN, Türküz E. MULTI-DIMENSIONAL PANEL DATA GRAVITY MODEL: AN ANALYSIS OF APEC COUNTRIES. KAÜİİBFD. 2019;10:1007–1027.
MLA
Çağlar, Hatice Nazan, ve Elanur Türküz. “MULTI-DIMENSIONAL PANEL DATA GRAVITY MODEL: AN ANALYSIS OF APEC COUNTRIES”. Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, c. 10, sy 20, Aralık 2019, ss. 1007-2, doi:10.36543/kauiibfd.2019.043.
Vancouver
1.Hatice Nazan Çağlar, Elanur Türküz. MULTI-DIMENSIONAL PANEL DATA GRAVITY MODEL: AN ANALYSIS OF APEC COUNTRIES. KAÜİİBFD. 01 Aralık 2019;10(20):1007-2. doi:10.36543/kauiibfd.2019.043

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