Trade creation and diversion effects in the Mediterranean area: Econometric analysis by gravity model

References

• Abedini, J., and N. Peridy. 2008. “The Greater Arab Free Trade Area (GAFTA): An Estimation of the Trade Effects.” Journal Economic Integration 23: 848–872.
   Google Scholar
• Anderson, J.E. 1979. “A Theoretical Foundation for the Gravity Equation.” American Economic Review 69: 106–116.
   Web of Science ®Google Scholar
• Anderson, J., and E. van Wincoop. 2003. “Gravity with Gravitas: A Solution to the Border Puzzle.” American Economic Review, American Economic Association 93: 170–192.
   Web of Science ®Google Scholar
• Arellano, M., and S.R. Bond. 1991. “Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.” Review of Economic Studies 58 (2): 277–297.
   Web of Science ®Google Scholar
• Arellano, M., and O. Bover. 1995. “Another Look at the Instrumental Variable Estimation of Error-Components Models.” Journal of Econometrics 68: 29–51.
   Web of Science ®Google Scholar
• Augier, P., M. Gasiorek, and L.C. Tong. 2005. “The Impact of Rules of Origin on Trade Flows.” Economic Policy 20: 567–624.
   Google Scholar
• Azman-Saini, W.N.W., and A.Z. Baharumshah. 2010. “Foreign Direct Investment, Economic Freedom and Economic Growth: International Evidence.” Economic Modelling 27: 1079–1089.
   Web of Science ®Google Scholar
• Baier, S.L., and J.H. Bergstrand. 2007. “Do Free Trade Agreements Actually Increase Members’ International Trade?” Journal of International Economics 71: 72–95.
   Web of Science ®Google Scholar
• Baier, S.L., J.H. Bergstrand, P. Egger, and P. McLaughlin. 2008. “Do Economic Integration Agreements Actually Work? Issues in Understanding the Causes and Consequences of the Growth of Regionalism.” The World Economy 31: 461–497.
   Web of Science ®Google Scholar
• Baltagi, B.H., P. Egger, and M. Pfaffermayr. 2003. “A Generalized Design for Bilateral Trade Flow Models.” Economics Letters 80: 391–397.
   Web of Science ®Google Scholar
• Bayoumi, T., and B. Eichengreen. 1997. “Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA.” In Regionalism Versus Multilateral Trade Arrangements, edited by T. Ito and A. Krueger, 55–69. Chicago, IL: University of Chicago Press.
   Google Scholar
• Bergstrand, J.H. 1989. “The Generalised Gravity Equation, Monopolistic Competition, and the Factor-Proportions Theory in International Trade.” The Review of Economics and Statistics 71: 143–153.
   Web of Science ®Google Scholar
• Bergstrand, J.H. 1990. “The Heckscher–Ohlin–Samuelson Model, the Linder hypothesis, and the Determinants of Bilateral Intraindustry Trade.” Economic Journal 100: 1216–1229.
   Web of Science ®Google Scholar
• Blundell, R.W., and S.R. Bond. 1998. “Initial Conditions and Moment Restrictions in Dynamic Panel Data Models.” Journal of Econometrics 87 (1): 115–143.
   Web of Science ®Google Scholar
• Bun, M.J., and F.J. Klaassen. 2007. “The Euro Effect on Trade is Not as Large as Commonly Thought.” Oxford Bulletin of Economics and Statistics 69: 473–496.
   Web of Science ®Google Scholar
• Bussiere, M., J. Fidrmuc, and B. Schnatz. 2008. “Enlargement and Trade Integration: Lessons from a Gravity Model.” Review of Development Economics 12: 562–576.
   Web of Science ®Google Scholar
• Carrere, C. 2006. “Revisiting the Effects of Regional Trade Agreements on Trade Flows with Proper Specification of the Gravity Model.” European Economic Review 50: 223–247.
   Web of Science ®Google Scholar
• Cheng, I.H., and H.J. Wall. 2005. “Controlling for Heteogeneity in Gravity Models of Trade.” Review – Federal Reserve Bank of St. Louis 87: 49–63.
   Web of Science ®Google Scholar
• Cheng, I.H., and Y.Y. Tsai. 2008. “Estimating the staged effects of regional economic integration on trade volumes.” Applied Economics 40: 383–393.
   Web of Science ®Google Scholar
• Dabrowski, M. 2010. “The Global Financial Crisis: Lessons for European Integration.” Economic Systems 34: 38–54.
   Google Scholar
• Deardorff, A.V. 1998. “Determinants of Bilateral Trade: Does Gravity Work in a Neoclassical World.” In The Regionalization of the World Economy, edited by J.A. Frankel, 7–22. Chicago, IL: University of Chicago Press for NBER.
   Google Scholar
• Djankov, S., and C. Freund. 2002. “Trade Flows in the Former Soviet Union, 1987 to 1996.” Journal of Comparative Economics 30: 76–90.
   Web of Science ®Google Scholar
• Dupuch, S. 2001. Les Déterminants des Flux d’IDE Intra-européens. Paris: Centre d’Économie de Paris-Nord (CEPN) CNRS-UMR Université PARIS-NORD.
   Google Scholar
• Egger, P. 2000. “A Note on the Proper Econometric Specification of the Gravity Equation.” Economics Letters 66: 25–31.
   Web of Science ®Google Scholar
• Egger, P. 2002. “An Econometric View on the Estimation of Gravity Models and the Calculation of Trade Potential.” The World Economy 25: 297–312.
   Web of Science ®Google Scholar
• Egger, P. 2004. “Estimating Regional Trading Bloc Effects with Panel Data.” Review of World Economics 140: 151–166.
   Web of Science ®Google Scholar
• Eichengreen, B., and D. Irwin. 1998. “The Role of History in Bilateral Trade Flows.” In The Regionalization of the World Economy, edited by J. Frankel, 33–64. Chicago, IL: University of Chicago Press.
   Google Scholar
• Endoh, M. 1999. “Trade Creation and Trade Diversion in the EEC, the LAFTA and the CMEA: 1960–1994.” Applied Economics 31: 207–216.
   Web of Science ®Google Scholar
• Evenett, S.J., and W. Keller. 2002. “On Theories Explaining the Success of the Gravity Equation.” Journal of Political Economy 110: 281–316.
   Web of Science ®Google Scholar
• Feenstra, R.C. 1998. “Integration of Trade and Disintegration of Production in the Global Economy.” Journal of Economic Perspectives 12 (4): 31–50.
   Web of Science ®Google Scholar
• Filippini, C., and V. Molini. 2003. “The Determinants of East Asian Trade Flows: A Gravity Equation Approach.” Journal of Asian Economics 14: 695–711.
   Google Scholar
• Frankel, J.A. 1997. Regional Trading Blocs in the World Economic System. Washington, DC: Institute for International Economics.
   Google Scholar
• Frankel, J.A., and S.J. Wei. 1998. “Regionalisation of World Trade and Currencies: Economics and Politics.” In The Regionalisation of the World Economy, edited by J.A. Frankel, 189–226. Chicago, IL: University of Chicago Press.
   Google Scholar
• Freund, C.L. 1998. “Regionalism and Permanent Diversion.” International Finance Discussion Paper No. 602, Board of Governors of the Federal Reserve System.
   Google Scholar
• Fukao, K., T. Okubo, and R.M. Stern. 2003. “An Econometric Analysis of Trade Diversion Under NAFTA.” North American Journal of Economics Finance 14: 2–24.
   Google Scholar
• García, E.C., M. Pabsdorf, E. Herrera. 2013. “The Gravity Model Analysis: An Application on MERCOSUR Trade Flows.” Journal of Economic Policy Reform 16: 336–348.
   Web of Science ®Google Scholar
• Ghemawat, P. 2001. “Distance Still Matters: The Hard Reality of Global Expansion.” Harvard Business Review 79: 137–147.
   PubMed Web of Science ®Google Scholar
• Glick, R., and A.K. Rose. Forthcoming. “Does a Currency Union Affect Trade? The Time Series Evidence.” European Economic Review 46: 1125–1151.
   Web of Science ®Google Scholar
• Grant, J.H., and D.M. Lambert. 2008. “Do Regional Trade Agreements Increase Members’ Agricultural Trade?” American Journal of Agricultural Economics 90: 765–782.
   Web of Science ®Google Scholar
• Hanson, G.H., and C. Xiang. 2004. “The Home Market Effect and Bilateral Trade Patterns.” American Economic Review 94: 1108–1129.
   Web of Science ®Google Scholar
• Hemkamon, K. 2007. “Determinants of Trade and Investment in Southeast Asia: An Application of the Gravity Trade Model.” PhD thesis, University of Birmingham.
   Google Scholar
• Holtz-Eakin, D., W. Newey, and H.S. Rosen. 1988. “Estimating Vector Autoregressions with Panel Data.” The Quarterly Journal of Economics 110: 1127–1170.
   Google Scholar
• Kahouli, B., and N. Kadhraoui. 2012. “Consolidation of Regional Groupings and Economic Growth: Empirical Investigation by Panel Data.” International Journal of Euro-Mediterranean Studies 5: 71–92.
   Google Scholar
• Kahouli, B., and S. Maktouf. 2013. “Regional Trade Agreements in Mediterranean Area: Econometric Analysis by Static Gravity Model.” Journal of East-West Business 19: 237–259.
   Google Scholar
• Kuznetsova, N.V. 2013. “Economic integration of Northeast Asia.” World Applied Sciences Journal 25: 768–773.
   Google Scholar
• Laaser, C.F., and K. Schrader. 2002. “European Integration and Changing Trade Patterns: The Case of the Baltic States.” Working Paper No. 1088. Kiel Institute for World Economics, University of Kiel.
   Google Scholar
• Lakatos, C., and T. Walmsley. 2012. “Investment Creation and Diversion Effects of the ASEAN–China Free Trade Agreement.” Economic Modelling 29: 766–779.
   Web of Science ®Google Scholar
• Lee, H., and I. Park. 2007. “In Search of Optimized Regional Trade Agreements and Applications to East Asia.” World Econ 30: 783–806.
   Web of Science ®Google Scholar
• Martinez-Zarzoso, I., F.D. Nowak-Lehmann, and N. Horsewood. 2009. “Are Regional Trading Agreements Beneficial? Static and Dynamic Panel Gravity Models.” The North American Journal of Economics and Finance 20: 46–65.
   Web of Science ®Google Scholar
• Martínez-Zarzoso, I., and C. Suárez-Burguet. 2005. “Transport Costs and Trade: Empirical Evidence for Latin American Imports from the European Union.” The Journal of International Trade & Economic Development 14: 227–245.
   Google Scholar
• Musila, J.W. 2005. “The Intensity of Trade Creation and Trade Diversion in COMESA, ECCAS and ECOWAS: A Comparative Analysis.” Journal of African Economies 14: 117–141.
   Web of Science ®Google Scholar
• Nitsch, V. 2000. “National Borders and International Trade: Evidence from the European Union.” Canadian Journal of Economics 33: 1091–1105.
   Web of Science ®Google Scholar
• Oguledo, V., and C. Macphee. 1994. “Gravity Models: A Reformulation and an Application to Discriminatory Trade Arrangements.” Applied Economics 26: 107–120.
   Web of Science ®Google Scholar
• Peridy, N. 2005. “The Trade Effects of the Euro-Mediterranean Partnership: What are the Lessons for ASEAN Countries?” Journal of Asian Economics 16: 125–139.
   Google Scholar
• Pöyhönen, P. 1963. “Tentative Model for the Volume of Trade between Countries.” Weltwirtschaftliches Archiv 90: 91–113.
   Google Scholar
• Robert, C. 2004. Advanced International Trade: Theory and Evidence. Princeton, NJ: Princeton University Press.
   Google Scholar
• Rojid, S. 2006. “COMESA Trade Potential: A Gravity Approach.” Applied Economics Letters 13: 947–951.
   Web of Science ®Google Scholar
• Soloaga, I., and L.A. Winters. 2001. “Regionalism in the Nineties: What Effect on Trade?” The North American Journal of Economics and Finance 12: 1–29.
   Google Scholar
• Tang, D. 2005. “Effects of the Regional Trading Arrangements on Trade: Evidence from the NAFTA, ANZCER and ASEAN Countries, 1989–2000.” The Journal of International Trade & Economic Development 14: 241–265.
   Google Scholar
• Tinbergen, J. 1962. Shaping the World Economy. New York: Twentieth Century Fund.
   Google Scholar
• Viner, J. 1950. The Customs Union Issue. New York: Carnegie Endowment for International Peace.
   Google Scholar