Currency Unions and Regional Trade Agreements: EMU and EU Effects on Trade

Reuven Glick

Comparative Economic Studies, 2017, vol. 59, issue 2, No 5, 194-209

Abstract: Abstract The effects of the European Economic and Monetary Union (EMU) and European Union (EU) on trade are separately estimated using an empirical gravity model. Employing a panel approach with both time-varying country and dyadic fixed effects on a large span of data (across both countries and time), it is found that EMU and EU each significantly boosted exports. EMU expanded European trade by 40% for the original members, while the EU increased trade by almost 70%. Newer members have experienced even higher trade as a result of joining the EU, but more time is necessary to see the effects of their joining EMU.

Keywords: gravity; exports; trade; bilateral; fixed; time-varying; country; currency union; monetary union; agreement; regional; European; F15; F33 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

Downloads: (external link)
http://link.springer.com/10.1057/s41294-017-0020-x Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Currency Unions and Regional Trade Agreements: EMU and EU Effects on Trade (2016)
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: https://EconPapers.repec.org/RePEc:pal:compes:v:59:y:2017:i:2:d:10.1057_s41294-017-0020-x

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41294/PS2

DOI: 10.1057/s41294-017-0020-x

Access Statistics for this article

Comparative Economic Studies is currently edited by Nauro Campos

More articles in Comparative Economic Studies from Palgrave Macmillan, Association for Comparative Economic Studies Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().