Gravity model analysis: robust evidence from the Czech Republic and corruption matching
| Autor: | Mgr. Eva Michalíková , Mgr. Michal Paulus , |
|---|---|
| Typ: | IES Working Papers |
| Rok: | 2014 |
| Číslo: | 32 |
| ISSN / ISBN: | |
| Publikováno v: | IES Working Papers 32/2014 |
| Místo vydání: | Prague |
| Klíčová slova: | Czech Republic, export, gravity model, fixed effects, LSDV, least trimmed squares |
| JEL kódy: | C13, C23, F10, F12, F14 |
| Citace: | Michalíková E., Paulus M. (2014). “Gravity model analysis: robust evidence from the Czech Republic and corruption matching” IES Working Paper 32/2014. IES FSV. Charles University. |
| Granty: | GAČR č. P402/12/0982: Trade Flows in Times of Economic Boom and Slump: Modifying the Gravity Model for Country, Time and Product-Specific Decision-Making SVV 260 113 - Strengthening Doctoral Research in Economics and Finance |
| Abstrakt: | The results generally confirm that Czech trade is oriented towards European countries and determined primarily by key economic factors of domestic and foreign GDP. The institutional variables remain largely insignificant, except corruption due tothe counterintuitive result that a higher corruption level in partner country should boost mutual trade. We interpret this finding as a result of “corruption matching”. The exclusion of outliers (LTS) significantly increases R-square and extends the number of significant determining factors (e.g. population or other institutional variables). The outliers, according to the LTS, are composed mainly of African, Asia and South or Central America states. |
| Ke stažení: |
wp_2014_32_Michalikova_Paulus |
