Shaping the World Economy: Suggestions for an International Economic Policy.

Leibenstein, Harvey; Tinbergen, J.

doi:10.2307/2229041

Cited by 147 publications

(156 citation statements)

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“…Close to our study of AFTA's effects on Vietnam trade is Le, Nguyen, and Bandara (1996), Nguyen (2009), and Narayan and Nguyen (2016). However, they all used the conventional gravity model in trade analysis proposed by Tinbergen (1962) and found a positive impact of AFTA on Vietnam's bilateral trade. FTAs have always faced various barriers in the execution phase including but not limited to governmental trade barriers, resistance from domestic industrial leaders, opposition from labor syndicates, etc.…”

Section: Introductionmentioning

confidence: 78%

“…All of the above papers utilize the conventional gravity model invented by Tinbergen (1962). Anderson and Wincoop (2003) claimed that the estimates of this model could be biased because the conventional gravity model cannot control the resistances to trade such as distance and official barriers to trade; most of them are hard to quantify and therefore they are added into the unobserved disturbance term (Baier & Bergstrand, 2009).…”

Section: Literature Reviewmentioning

confidence: 99%

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The ASEAN Free Trade Agreement and Vietnam’s Trade Efficiency

Nguyen¹,

Doan²

2017

ASS

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This study employs a stochastic gravity model to estimate the efficiency performance of Vietnam's trade with its main trading partners from 1995-2015. Trade efficiency is measured as the ratio of actual trade volume to the maximum likelihood. Moreover. it analyzes the effects of both natural and man-made trade barriers on trade efficiency. The empirical results suggest that the actual trade of Vietnam appears to be much smaller than a possible efficiency level and that there is large space for further progress. Export efficiency outweighs that of import. Vietnam's ASEAN Free Trade Agreement membership has, in general, improved the trade efficiency, whereas tariffs and domestic devaluation have impaired it. Our findings lead to the recommendation that Vietnam should join more Free Trade Agreements and break down the man-made barriers.

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Section: Introductionmentioning

confidence: 78%

Section: Literature Reviewmentioning

confidence: 99%

The ASEAN Free Trade Agreement and Vietnam’s Trade Efficiency

Nguyen¹,

Doan²

2017

ASS

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“…Inspired by Newton’s law of universal gravitation, it has been first used to predict the trading between nations; the model is defined as:where m s and n t are the supply and demand forces of nations s and t , respectively 47 . This model was widely applied to predict population movement 14 , economic relations between countries 48 , cargo shipping volume 49 , and long-distance phone calls 50 .…”

Section: Resultsmentioning

confidence: 99%

Reconstructing commuters network using machine learning and urban indicators

Spadon

Carvalho

Rodrigues-Jr

et al. 2019

Sci Rep

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Human mobility has a significant impact on several layers of society, from infrastructural planning and economics to the spread of diseases and crime. Representing the system as a complex network, in which nodes are assigned to regions ( e . g ., a city) and links indicate the flow of people between two of them, physics-inspired models have been proposed to quantify the number of people migrating from one city to the other. Despite the advances made by these models, our ability to predict the number of commuters and reconstruct mobility networks remains limited. Here, we propose an alternative approach using machine learning and 22 urban indicators to predict the flow of people and reconstruct the intercity commuters network. Our results reveal that predictions based on machine learning algorithms and urban indicators can reconstruct the commuters network with 90.4% of accuracy and describe 77.6% of the variance observed in the flow of people between cities. We also identify essential features to recover the network structure and the urban indicators mostly related to commuting patterns. As previously reported, distance plays a significant role in commuting, but other indicators, such as Gross Domestic Product (GDP) and unemployment rate, are also driven-forces for people to commute. We believe that our results shed new lights on the modeling of migration and reinforce the role of urban indicators on commuting patterns. Also, because link-prediction and network reconstruction are still open challenges in network science, our results have implications in other areas, like economics, social sciences, and biology, where node attributes can give us information about the existence of links connecting entities in the network.

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“…One of the most accepted international trade models comprehensively has been employed to originate policies and trade flows among nations. The gravity approach, which was initially established by Tinbergen (1962) and Poyhonen (1963) anchored in this thought that bilateral trade volumes between two economies hinge upon nationalized incomes as well as bilateral distance. Since then there are a huge quantity of empirical approaches that examined two-sided trade flows by employing the Gravity approaches, which is an eminent approach to model international trade (Redding andVenables, 2004: Guillaumont andDe Melo, 2005;Liu and Xin, 2011;Novy, 2013;Ulengin et al, 2015).…”

Section: = ( / ) ……………… (1)mentioning

confidence: 99%

Untitled

2018

AJER

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This study examines the export flow of South Korea by utilizing pooled ordinary least square (OLS) along with time fixed effects by employing augmented gravity approach. It has also attempted to find out the potential market for South Korean exports. In this study, we analyze comprehensive panel dataset for time period 2001-16 (16 years) covering South Korea's 189 importing nations. The result emerges robust to the requirement, time interlude and trade determinants. The empirical consequences are determined consistent through the gravity approach since the result discloses constructive coefficients for economic mass, bilateral exchange rate, trade agreements and trade openness in partner country and negative coefficients for distance and landlocked countries. The results also illustrate that the export pattern of South Korea hinges on the Heckscher-Ohlin (H-O) hypothesis, therefore be explicated by the dissimilarity in factor endowments for instance technology and advancement. We have found immense export potential with 94 countries including China,

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Shaping the World Economy: Suggestions for an International Economic Policy.

Cited by 147 publications

References 0 publications

The ASEAN Free Trade Agreement and Vietnam’s Trade Efficiency

The ASEAN Free Trade Agreement and Vietnam’s Trade Efficiency

Reconstructing commuters network using machine learning and urban indicators

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