Reciprocal Trade Agreements in Gravity Models: A Meta-Analysis

Cipollina, Maria; Salvatici, Luca

doi:10.1111/j.1467-9396.2009.00877.x

Cited by 130 publications

(71 citation statements)

References 24 publications

(36 reference statements)

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“…When the dependent variable of the meta‐study is an estimated parameter retrieved from primary regressions, the publication bias is evident and related to the sign and the statistical significance of the estimates. In such a case, MRA scholars control for publication bias by weighting their observations with appropriate measures for the variability of estimates (Stanley, ; Doucouliagos and Stanley, ; Cipollina and Salvatici, ; Bumann et al ., ; Feld et al ., ). The publication bias in less apparent in a meta‐review of efficiency scores because the dependent variable is not the ‘estimates of an effect’ (Stanley, , p. 13).…”

Section: Introductionmentioning

confidence: 99%

Explaining Differences in Efficiency: A Meta‐study on Local Government Literature

Aiello

Bonanno

2019

Journal of Economic Surveys

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This paper reviews the literature on local government efficiency by meta‐reviewing 360 observations retrieved from 54 papers published from 1993 to 2016. The meta‐regression is based on a random‐effects model estimated with the two‐step random‐effects maximum likelihood (REML) technique proposed by Gallet and Doucouliagos. Results indicate that the study design matters when estimating a frontier in local government. We find that studies focusing on technical efficiency provide higher efficiency scores than works evaluating cost efficiency. The same applies when using panel data instead of cross‐section data. Interestingly, studies that use the Free Disposal Hull (FDH) approach yield, on average, higher efficiency scores than papers employing the data envelopment analysis (DEA) method, thereby suggesting that in this literature the convexity hypothesis of the production set is a matter. Finally, the efficiency of local government increases with the level of development of the analysed countries and is positively related to the national integrity of the legal system. The opposite holds when considering the corruption.

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Section: Introductionmentioning

confidence: 99%

Explaining Differences in Efficiency: A Meta‐study on Local Government Literature

Aiello

Bonanno

2019

Journal of Economic Surveys

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“…I divide the regression equations and by the estimated standard errors and obtain models and , respectively, with the t ‐statistic as the dependent variable:

\frac{γ_{ij}}{S E (γ_{italicij})} = t_{italicij} = γ_{0} \cdot \frac{1}{S E (γ_{italicij})} + β + e_{italicij}

0true t_{ij} = γ_{0} \cdot \frac{1}{italicSE false(γ_{ij} false)} + β + \sum_{k = 1}^{K} α_{k} \frac{X_{ijk}}{SE (γ_{italicij})} + e_{ij}

After this modification, the interpretation of the coefficients in Equation is the same: γ 0 is the mean semielasticity corrected for publication bias, β is the measure of publication bias, and

e_{i}

is the disturbance term. Cipollina and Salvatici () emphasizes that regression may still lead to consistent yet inefficient estimators since the estimates from the same study j are not independent. As a remedy, a clustering procedure is undertaken to adjust the standard errors for intrastudy correlation.…”

Section: Methodsmentioning

confidence: 99%

The Euro's Trade Effect: A Meta‐analysis

Polák

2018

Journal of Economic Surveys

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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. The effect of common currency on bilateral trade also called Rose effect has been examined extensively in past decade. There is a huge variance of results in primary research which drives a large debate. Using meta-analysis we exploit 51 studies and 3254 estimates of rose effect and provide empirical review. Our results are in contrast with the most recent studies examining the effect of euro on bilateral trade and we found that publication bias in this area of research is diminishing. This study finds the effect of euro on bilateral trade to be between 2 and 6%. Using meta regression we conclude that data source, data structure and control variables are significantly affecting the estimated effect size, but estimation technique used does not. Terms of use: Documents in

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“…By contrast, trade-diversion effects, which are not always estimated in such models, have been found to be small in magnitude and, in some cases, insignificant. This tendency was identified by Freund and Ornelas (2010) and validated by Cipollina and Salvatici (2010) in their large data analysis of empirical works on the effects of FTAs on trade flows. Cipollina and Salvatici (2010) estimated a robust and positive effect of FTAs that is associated with increasing trade by around 40 per cent.…”

Section: Trade Creation and Trade Diversionmentioning

confidence: 95%

“…Although there are many bilateral FTAs, the most widely assessed FTAs are regional agreements involving more than two trade partners, including the AFTA in Asia; NAFTA in North America; the European Economic Area and the EU in Europe; and, in Latin America, the Latin American Integration Association, Mercosur and the Andean Community (see Cipollina & Salvatici, 2010).…”

Section: Trade Creation and Trade Diversionmentioning

confidence: 99%