Economics at your fingertips  

The Euro's effect on trade: An analysis of “old" and “new" EMU members

Isaac Mensah

No 179, FIW Working Paper series from FIW

Abstract: 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)
New Economics Papers: this item is included in nep-eec and nep-int
Date: 2017-12
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link) ... per/N_179_Mensah.pdf full text

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:

Ordering information: This working paper can be ordered from
FIW Project Office Austrian Institute of Economic Research Arsenal Objekt 20 A-1030 Vienna

Access Statistics for this paper

More papers in FIW Working Paper series from FIW
Bibliographic data for series maintained by ().

Page updated 2018-11-19
Handle: RePEc:wsr:wpaper:y:2017:i:179