Why Do Estimates of the EMU Effect On Trade Vary so Much?

Andrew Rose

No 22678, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Larger data sets, with more countries and a longer span of time, exhibit systematically larger effects of European monetary union on trade. I establish this stylized fact with meta-analysis and confirm it by estimating a plain-vanilla gravity model. I then explain this finding by examining systematic biases in “multilateral resistance to trade” manifest in time-varying country fixed effects; bias grows as the sample is truncated by dropping small poor countries.

JEL-codes: F14 F33 (search for similar items in EconPapers)
Date: 2016-09
New Economics Papers: this item is included in nep-int
Note: IFM
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Citations: View citations in EconPapers (11)

Published as Andrew K. Rose, 2017. "Why do Estimates of the EMU Effect on Trade Vary so Much?," Open Economies Review, Springer, vol. 28(1), pages 1-18, February.

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Related works:
Journal Article: Why do Estimates of the EMU Effect on Trade Vary so Much? (2017)
Working Paper: Why Do Estimates of the EMU Effect On Trade Vary so Much? (2016)
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