Estimating export equations: a survey of the literature

Bayar, Güzin

doi:10.1007/s00181-016-1220-3

Cited by 20 publications

(25 citation statements)

References 198 publications

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“…In recent years, several studies have used the gravity model to examine the effects of different factors on exports in general, but also in the wine sector in particular (e.g., Dascal, Mattas, and Tzouvelekas, 2002;Castillo, Villanueva, and García-Cortijo, 2016;Dal Bianco et al, 2016, 2017Gouveia, Rebelo, and Lourenço-Gomes, 2018). The variables commonly used include economic factors affecting trade flows in the origin countries, economic factors affecting trade flows in the destination countries, and natural or artificial factors enhancing or restricting trade flows.…”

Section: Introductionmentioning

confidence: 99%

Horizontal Differentiation and Determinants of Wine Exports: Evidence from Portugal

2019

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Assuming horizontal differentiation and using an expanded gravity model, the main objective of this article is to assess the determinants of Portuguese wine exports. Horizontal differentiation is considered, with still and fortified wines being distinguished, as well as three distinct designations of origin: Vinho Verde, Douro, and Port wines. The results from the period between 2006 and 2016 suggest that wineries and private and public agencies should focus their commercial and policy efforts on countries with high purchasing power and/or with great potential for growth, regardless of whether the customs costs are higher. Moreover, it is concluded that horizontal differentiation influences the export determinants, suggesting there should exist different internationalization strategies for distinct types of wine. (JEL Classifications: F10, F14, L66)

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Section: Introductionmentioning

confidence: 99%

Horizontal Differentiation and Determinants of Wine Exports: Evidence from Portugal

2019

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“…As countries or sectors have turned toward export-led growth strategies, the estimation of export equations has become more relevant to support policy decisions. Bayar (2018) grouped export equations into four levels of analysis, from macro to micro: aggregated level exports, country-level, sector-level and firm-level analysis or combinations of them, each one requiring the availability of specific data. The research included in this work is a mix between country-level and sector-level analysis.…”

Section: Theoretical Framework: the Gravity Equationmentioning

confidence: 99%

“…Where the dependent variable exports represents the exports of wine w (Port or Douro) to country i in year t. Among the explanatory variables there are typical variables of gravity equations, such as the GDP of country i in year t (gdp), the average annual exchange rate of country i's currency in relation to the euro in year t (er ), a dummy variable equal to 1 if country i is member of the European Union (EU) in year t or 0 otherwise (eu), the geographical distance between Lisbon and the capital city of country i (dist), a dummy variable equal to 1 if country i is landlocked (land ), and a dummy variable equal to 1 if country i has a common official language with Portugal (lang). Because the research is focused in each wine, considered equivalent to a single sector, two explanatory variables were specifically included to represent sectoral characteristics (Bayar 2018), which are the ad valorem equivalent tariff applied by country i to wine w (Port or Douro) imports in year t (ave) and the litres of wine produced by the importing country in year t (prod ).…”

Section: Theoretical Framework: the Gravity Equationmentioning

confidence: 99%

Macroeconomic determinants of Port and Douro wine exports: An econometric approach

Macedo

Gouveia

Rebelo

2020

REGION

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This study analyses recent trends (2006-2018) in Port and Douro wine exports and estimates their macroeconomic determinants. The results of the gravity equation reveal that the purchasing power in importing countries is the most important export determinant of Port and Douro wines. Therefore, in order to increase exports, the strategic decision-makers concerned with the industry should pay special attention to the markets in wealthier countries or with a high potential for economic growth, taking into account issues such as market access, adaptation to the market to wine consumption, and regulation.

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“…Moreover, neither a robust analytical framework (such as meta-analysis) nor a qualitative synthesis of the empirical results of the studies covered was provided. Finally, Bayar (2018) presented a general and comprehensive review of all the determinants which were shown by the existing empirical results to significantly affect exports. One of the determinants | 3143 KASTRATOVIĆ considered in the review was foreign direct investment.…”

Section: Introductionmentioning

confidence: 99%

The impact of foreign direct investment on host country exports: A meta‐analysis

Kastratović

2020

World Economy

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In this paper, we present a synthesis of the literature examining the impact of foreign direct investment on host country exports. We reviewed and summarised 37 theoretical papers, 27 micro‐level empirical studies and analysed 627 specifications from 117 macro‐level empirical studies. In exploring the reasons behind the variations of the reported effects in the empirical literature, we applied meta‐regression methodology. Our results indicate that the existing empirical literature generally reports a positive impact of foreign direct investment on exports, especially in developing countries. The reported effects are sensitive to research design, model specification and the context of the research. No publication bias was detected in the sampled studies. Based on our results, we provide some avenues and guidelines for future research on this topic. Our results could also have some important implications for policymakers.

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Estimating export equations: a survey of the literature

Cited by 20 publications

References 198 publications

Horizontal Differentiation and Determinants of Wine Exports: Evidence from Portugal

Horizontal Differentiation and Determinants of Wine Exports: Evidence from Portugal

Macroeconomic determinants of Port and Douro wine exports: An econometric approach

The impact of foreign direct investment on host country exports: A meta‐analysis

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