Exports under the Flicker of the Northern Lights

Helga Kristjánsdóttir

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

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 F14 F15 F1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int
Date: Written
View list of references

Downloads: (external link)
http://www.economics-ejournal.org/economics/discussionpapers/2008-17 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

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

Access Statistics for this paper

More papers in Economics Discussion Papers from Kiel Institute for the World Economy
Contact information at EDIRC.
Series data maintained by ZBW - German National Library for Economics ().