Proposing a new measure of distance in the gravity setting: evidence from Latin America

Autor:	Juan Felipe Mejia, Andrés Ramírez Hassan
Jazyk:	portugalština
Rok vydání:	2017
Předmět:	Gravity Equation Model Multiple Factor Analysis Panel Data Trade Distance. Economic history and conditions HC10-1085 Economics as a science HB71-74
Zdroj:	Economia Aplicada, Vol 21, Iss 1 (2017)
Druh dokumentu:	article
ISSN:	1413-8050 1980-5330
DOI:	10.11606/1413-8050/ea154363
Popis:	The gravity model is a workhorse tool that has been widely used in international trade. However, one empirical question that frequently arises is related to the conceptualization and measurement of an economic distance index. Our study proposes an index based on Multiple Factor Analysis. This technique summarizes information related to the geographical, cultural, political and economic variables that might affect international trade between countries. Estimates indicate that the signs of the load factors in the Multiple Factor Analysis are intuitively plausible, and panel data exercises give sensible robust outcomes.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/258e810c05724beeba7c2b8c6f91bb2b Zobrazit plný text záznamu View record in DOAJ