Does Turkey have a special trade relation with the EU?

Antonucci, Daniele; Manzocchi, Stefano

doi:10.1016/j.ecosys.2005.10.003

Cited by 74 publications

(35 citation statements)

References 12 publications

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“…Egger and Pifaffermayr [78] argued on the necessity of incorporating two way fixed effects and Wilson et al [45] reported the robustness of a two-way fixed effects model with respect to invariant factors (such as tariffs). Antonucci and Manzocchi [91] again preferred a fixed effects model from a random effects model using a two step approach: first, they perform a fixed effects model regression and then a cross-section regression with country specific effects as the dependent variable is run. Indeed, most recent studies prefer fixed effects as their panel correction technique.…”

Section: Methodsological Aspectsmentioning

confidence: 99%

The Gravity Model Specification for Modeling International Trade Flows and Free Trade Agreement Effects: A 10-Year Review of Empirical Studies~!2009-07-09~!2010-01-28~!2010-04-22~!

Κεπαπτσόγλου¹,

Karlaftis²,

Tsamboulas³

2010

TOECONSJ

167

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may

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Section: Methodsological Aspectsmentioning

confidence: 99%

The Gravity Model Specification for Modeling International Trade Flows and Free Trade Agreement Effects: A 10-Year Review of Empirical Studies~!2009-07-09~!2010-01-28~!2010-04-22~!

Κεπαπτσόγλου¹,

Karlaftis²,

Tsamboulas³

2010

TOECONSJ

167

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“…Standard gravity models of trade (among others, Egger, 2002;Antonucci and Manzocchi, 2006) and FDI (e.g. Razin et al, 2005;Guerin, 2005) Maryland (see Appendix B).…”

Section: Empirical Model Data and Estimation Methodsologymentioning

confidence: 99%

Political regime and FDI from advanced to emerging countries

Guerin

Manzocchi

2009

Rev World Econ

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We investigate the effect of the political regime on bilateral FDI flows from advanced to emerging countries over 1992-2004. We control for country size, per capita income and privatization proceeds in the host country, and use a random-effect Tobit model to exploit information from zero entries. Our results suggest that democracy does have a positive effect on the amount and probability of FDI flows from developed to emerging countries. Moreover, we find that the effect of democracy on FDI also works through the total factor productivity channel, not only the political risk one as suggested in the literature.JEL Classification: F23, P51, P48, C24.Keywords: Foreign Direct Investment ; Political regime; Democracy; Tobit models. March 2008 -forthcoming Review of World Economicsa Selen Sarisoy Guerin, Centre for European Policy Studies (CEPS), 1 Place du Congres, 1000 Brussels, Belgium.b Stefano Manzocchi, Department of Economics, LUISS University, Viale Pola, 12, 00162 Rome, Italy. (*)We thank an anonymous referee for his detailed comments. We also thank Cecilia Frale, Gianmarco Ottaviano, Pietro Reichlin, Daria Taglioni, Giovanna Vallanti and participants in seminars held at LUISS University, the European Central Bank and ECARES for helpful comments. Usual disclaimers apply. 2 Introduction and motivationForeign direct investment (FDI) is often considered beneficial for both source and host economies, and a great deal of research as well as policy debate has recently focused both on FDI attraction by nations and regions, and on the international activities of multinational firms (UNCTAD, 2005). 1 From the early nineties and throughout the beginning of this century, FDI inflows have amounted to a large fraction of the emerging markets' GDP, while more recently some emerging countries have become net FDI exporters. Interestingly, among major FDI emerging recipients there have been both democratic countries and autocracies (e.g. China, Egypt, Morocco, according to the classification of best renowned academic sources).There exists a large and growing literature on the relationship between political regime and international trade. Mansfield et al. (2000) find that pairs of democratic countries set lower trade barriers and therefore engage in more open trade relations. Milner and Kubota (2005) argue that regime change towards democracy reduces the scope for the political elites to build support upon trade barriers, hence that it is democratization that enhances trade openness. More recently, Milner and Mukherjee (2007) have argued that democratization leads to skill-biased trade liberalization, as the ruling elites have an interest in reducing the revenues accruing to the middle class as the latter could become a political challenge. Aidt and Gassebner (2007) find that autocratic states trade substantially less than democracies, that this does not rely on peculiar estimation techniques, and that causality runs from political regime to trade flows.The econometric literature on the relationship between politica...

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“…As mentioned in the previous section, many authors applied the difference of GDP per capita which reflects the per capita similarity and thus the factor endowment similarity of the countries. Antonucci and Manzocchi (2006) and Yip (2012) called this variable relative factor endowment. We followed Eicher et al (2012) …”

Section: Model I: Factor Endowment and Gdp Per Capitamentioning

confidence: 99%

Determinants of the exports of Hungary: Trade theory and the gravity model

Erdey

Pöstényi

2017

Acta Oeconomica

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The end of the Communist regime brought about great changes in the economies of Central and Eastern Europe; the restructuring of foreign trade was one of the biggest challenges for these countries. After the transition period, Hungary has become a very open country with its trade to GDP ratio around 1.5, while trading with more than 190 countries in 2014. The central aim of this paper is to analyze the determinants of exports for this small Central European country in the period of 1993-2014, with an emphasis on the impact of factor endowments. According to our results, economic size, common border and free trade agreements have a statistically significant positive effect on the exports of Hungary, while the coefficient of distance has the expected negative sign. We measured factor endowments with several approaches and our results show that exports of Hungary correspond to the Linder hypothesis, i.e. Hungary tends to trade more with countries having similar factor endowments, and thus its trade is based on differentiated products. JEL Classification Codes: F11, F14

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Does Turkey have a special trade relation with the EU?

Cited by 74 publications

References 12 publications

The Gravity Model Specification for Modeling International Trade Flows and Free Trade Agreement Effects: A 10-Year Review of Empirical Studies~!2009-07-09~!2010-01-28~!2010-04-22~!

The Gravity Model Specification for Modeling International Trade Flows and Free Trade Agreement Effects: A 10-Year Review of Empirical Studies~!2009-07-09~!2010-01-28~!2010-04-22~!

Political regime and FDI from advanced to emerging countries

Determinants of the exports of Hungary: Trade theory and the gravity model

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