| Autor: |
doc. PhDr. Tomáš Havránek Ph.D.,
|
| Typ: |
IES Working Papers |
| Rok: |
2009 |
| Číslo: |
20 |
| ISSN / ISBN: |
|
| Publikováno v: |
IES Working Papers 20/2009 |
| Místo vydání: |
Prague |
| Klíčová slova: |
Rose effect; Trade; Currency union; Euro; Meta-analysis; Publication bias |
| JEL kódy: |
C42; F15; F33 |
| Citace: |
Havránek, T. (2009). “ Rose Effect and the Euro: The Magic is Gone ” IES Working Paper 20/2009. IES FSV. Charles University. |
| Abstrakt: |
This paper presents an updated meta-analysis of the effect of currency unions on trade, focusing on the Euro area. Using meta-regression methods such as funnel asymmetry test, evidence for strong publication bias is found. The estimated underlying effect for non-Euro studies reaches about 50%. However, the Euro's trade promoting effect corrected for publication bias is insignificant. The Rose effect literature shows signs of the economics research cycle: reported t-statistic is a quadratic function of publication year. Explanatory meta-regression (robust fixed effects and random effects) suggests that some authors produce predictable results. Interestingly, proxies for authors' IT skills were also found significant. |
| Ke stažení: |
WP 2009_20_Havranek
|
