Sustainability of merchandise trade flows between Croatia and other EU member states: Panel cointegration approach
| Autor: | Ivan Novak, Vlatka Bilas, Mile Bošnjak |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
panel cointegration
Croatian Cointegration Croatia business.industry Member states lcsh:Economic theory. Demography International trade language.human_language lcsh:HB1-3840 Granger causality merchandise trade Sustainability language Economics media_common.cataloged_instance European union EU business General Economics Econometrics and Finance media_common Panel data |
| Zdroj: | Panoeconomicus, Vol 66, Iss 1, Pp 113-131 (2019) |
| ISSN: | 2217-2386 1452-595X |
| DOI: | 10.2298/pan160409022b |
| Popis: | This research examined the sustainability of merchandise trade flows between Croatia and other EU member states. Merchandise exports and imports were disaggregated into bilateral merchandise trade flows between Croatia and nineteen European Union trading partners for the period 1999–2014. Following Granger causality and cointegration tests for panel data, we specified the model to be estimated. Using a pooled mean group estimator for dynamic heterogeneous panel data, the relationship between Croatian merchandise export and import was assessed empirically. Research results revealed unsustainable Croatian merchandise exports and imports vis-a-vis her nineteen European Union trading partners. Key words: Merchandise trade, Panel cointegration, Croatia, EU JEL: C33, F14, F43. Održivost trgovinskih tokova robe između Hrvatske i drugih država clanica EU - kointegracioni panel pristup U istraživanju je ispitana održivost robnih trgovinskih tokova između Hrvatske i drugih država clanica Evropske unije (EU). Izvoz i uvoz robe su rasclanjeni na bilateralne trgovinske tokove između Hrvatske i devetnaest trgovinskih partnera iz EU za period 1999-2014. Nakon Grangerovih testova uzrocnosti i testova kointegracije za panel podatke, odredili smo model koji treba oceniti. Koristeci metod združenih grupnih sredina (PMG) za ocenu dinamickih heterogenih panel podataka, empirijski je ispitan odnos između hrvatskog izvoza i uvoza robe. Rezultati istraživanja su otkrili neodrživi robni izvoz i uvoz Hrvatske vis-a-vis devetnaest partnera iz EU. Kljucne reci: Robna trgovina, panel kointegracija, Hrvatska, EU. |
| Databáze: | OpenAIRE |
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