The Euro's effect on trade: An analysis of “old" and “new" EMU members
No 179, FIW Working Paper series from FIW
This paper provides new empirical evidence of the “euro effect” on bilateral trade by allowing for a heterogeneous impact on "new" and “old” EMU members. By applying a Poisson estimator and focusing on a sample of 38 countries, our results show a statistically insignificant euro's effect on bilateral exports. However, disaggregating this effect, we report a relatively large euro's effect on bilateral trade for the "new" EMU countries. We also and no evidence of trade diversion, thus corroborating existing evidence. These results are robust to a number of sensitivity checks and, especially, to the use of a larger sample of countries.
Keywords: Gravity model; Bilateral exports; Euro; Poisson estimator (search for similar items in EconPapers)
JEL-codes: F4 F14 F15 F33 C33 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:wsr:wpaper:y:2017:i:179
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