Greece’s Potential Trade Flows: A Gravity Model Approach

Papazoglou, Christos

doi:10.1007/s11294-007-9107-x

Cited by 26 publications

(27 citation statements)

References 9 publications

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“…In most of the literature, GDP or GNP, which stands for economic market size, is usually adopted as a proxy for market size (Bilgili, Tülüce, & Do gan, 2012;Braunerhjelm & Svensson, 1996;Cuyvers et al, 2011;Filippini & Molini, 2003;Venables, 1999). To a less extent, population, which stands for the absorption ability of international trade, is also used (Ekanayake, Mukherjee, & Veeramacheneni, 2010;Filippini & Molini, 2003;Papazoglou, 2007;Kien, 2009). It should be pointed out that, while population may remain unchanged and change on a piecemeal basis, market size can rise rapidly, especially in developing countries.…”

Section: Choice Of Variablesmentioning

confidence: 99%

A pendulum gravity model of outward FDI and export

Liu

Wang

et al. 2016

International Business Review

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A B S T R A C TThe paper proposes a pendulum gravity model of outward FDI and export. Outward FDI and export can be complementary or substitute, depending on the development stages of outward FDI. The development of outward FDI is accompanied by advancements in productivity, technology and favorable transformations in factor endowment differences, which can be reflected in the ratio of export to outward FDI. At early stages of outward FDI undertakings, the ratio of export to outward FDI is greater or much greater than the world's average, outward FDI and export are conjectured to be complementary with our analytical framework. As outward FDI matures, the pendulum swings to the other side, i.e., the ratio of export to outward FDI becomes smaller than the world's average. Outward FDI and export turn into substitute then. Empirical results and findings from examining two panel data sets support our conjecture and the proposed model, which integrate the two seemingly opposing sets of literature.

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Section: Choice Of Variablesmentioning

confidence: 99%

A pendulum gravity model of outward FDI and export

Liu

Wang

et al. 2016

International Business Review

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“…Porojan [2001] tried to fi nd trade fl ows-spatial eff ects nexus through the gravity model for the European Union and some of its potential members. In another study, Martinez-Zarzoso [2003] evaluated the eff ects of preferential agreements on the bilateral trade fl ows among 47 countries in several economic blocs and areas during 1980-1999. Papazoglou [2007 attempted to explore potential trade fl ows for Greece to the EU member states by using a gravity model.…”

Section: Literature Review Of the Gravity Model Of Tradementioning

confidence: 99%

Investigation of Sanctions and Oil Price Effects on the Iran-Russia Trade by Using the Gravity Model

Rasoulinezhad¹

2016

Vestnik of SPbSU. Series 5. Economics

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Sanctions introduced in 2006 are said to have had a crucial eff ect on the Iranian economy in the last decades and have aff ected the economic relations between Iran and the rest of the World. It has been asserted repeatedly that sanctions against Iran have been hindering its foreign trade and its access to the global market and that sanctions have caused Iran to become less globalized and more isolated. As Iran's economy is highly sensitive to oil prices due to its high reliance on oil revenues it might aff ect Iran's trade with other nations. Our study explores how much various sanctions (fi nancial and nonfi nancial) and oil price have aff ected the foreign trade of Iran with Russia during 1994-2013. Th e research provides a detailed study of the impact of fi nancial and non-fi nancial sanctions on Iran-Russia foreign trade and relation of oil price and Iran-Russia foreign trade. Th e fi ndings show the negative relationship between fi nancial, non-fi nancial sanctions and oil price shocks with the Iran-Russia trade. ИССЛЕДОВАНИЕ ВЛИЯНИЯ САНКЦИЙ И РЕЗКИХ КОЛЕБАНИЙ МИРОВЫХ НЕФТЯНЫХ ЦЕН НА ВЗАИМНУЮ ТОРГОВЛЮ РОССИИ И ИРАНА НА ОСНОВЕ ГРАВИТАЦИОННОЙ МОДЕЛИПринято считать, что санкции, введенные в 2006 г., оказали негативное влияние на эконо-мику Ирана и серьезно ухудшили его экономические отношения с другими странами мира. Действительно, введение санкций в отношении Ирана осложнило развитие его внешней тор-говли, ухудшило доступ к мировым рынкам и привело к определенной экономической изоля-ции страны. Из-за высокой зависимости Ирана от нефтяных доходов экономика этой страны крайне чувствительна к мировым ценам на нефть. Колебания цен на мировом рынке нефти оказывают значительное влияние на внешнюю торговлю Ирана. В данной статье рассматрива-ется воздействие различных санкций (финансового и нефинансового характера), а также коле-баний мировых цен на нефть на взаимную торговлю Ирана и России в период с 1994 по 2013 г. на основе использования гравитационной модели. Результаты исследования показали, что на двустороннюю торговлю наиболее негативное влияние из названных факторов оказывают финансовые санкции, тогда как отрицательное воздействие нефинансовых санкций и резких колебаний мировых нефтяных цен является менее значимым. Библиогр. 37 назв. Ил. 6. Табл. 7.

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“…Gravity models are commonly used to investigate trade flows and related policies ( [19,[30][31][32][33][34][35][36] or flows of specific products [32,37,38]. However, most recent studies focus on examining the effects of regional trade agreements, currency unions and common markets and particularly whether these result in creating or diverting trade; in this research area see, for example [5,31,.…”

Section: Objectives and Applications: Target Or Tool?mentioning

confidence: 99%

The Gravity Model Specification for Modeling International Trade Flows and Free Trade Agreement Effects: A 10-Year Review of Empirical Studies~!2009-07-09~!2010-01-28~!2010-04-22~!

Κεπαπτσόγλου¹,

Karlaftis²,

Tsamboulas³

2010

TOECONSJ

164

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Greece’s Potential Trade Flows: A Gravity Model Approach

Abstract: Gravity model, Greek trade, Actual and potential trade patterns, F10, F14, F15,

Cited by 26 publications

References 9 publications

A pendulum gravity model of outward FDI and export

A pendulum gravity model of outward FDI and export

Investigation of Sanctions and Oil Price Effects on the Iran-Russia Trade by Using the Gravity Model

The Gravity Model Specification for Modeling International Trade Flows and Free Trade Agreement Effects: A 10-Year Review of Empirical Studies~!2009-07-09~!2010-01-28~!2010-04-22~!

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