Exports under the Flicker of the Northern Lights

Helga Kristjánsdóttir ()

No 2008-17, Economics Discussion Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: Picture a small open economy in the North Atlantic Ocean, highly dependent on trade with the EU and NAFTA. How important are these trading blocs to the country's exports? How important is the country's location and size, and how do these affect the export sectors? A unique version of the gravity model is applied here using an inverse hyperbolic sine function. Typically, the export volume is significantly impacted by the economic size of the exporting country, but in this case it is not. This suggests that the exports from small remote economies are driven by different factors than exports from large conomies.

Keywords: Exports; gravity model; free trade agreements; panel data (search for similar items in EconPapers)
JEL-codes: C23 F1 F14 F15 (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:7259

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