Globalization and export flows between Eurasian Economic Union countries: a gravity model approach

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dc.contributor.authorAbakumova, Juliet
dc.contributor.authorPrimierova, Olena
dc.date.accessioned2021-04-12T22:53:23Z
dc.date.available2021-04-12T22:53:23Z
dc.date.issued2020
dc.description.abstractIn the empirical tools for the research of trade integration a special place is occupied by gravity models, insofar as these models have rather high accuracy in explaining mutual trade flows. Recently, however, the gravity model approach has been subjected to critical rethinking: globalization brought considerable changes not only in economic growth, but also in international trade, what allowed speaking about a “Death of Distance”. At the same time, estimates based on gravity models almost always demonstrated an increase in the coefficient of distance as a proxy for transport costs, which contradicts the general perception of the phenomenon of globalization. The paper is devoted to testing the validity of inclusion of the globalization index in the model, which would allow consider the role of globalization in bilateral cross-country trade, as well as testing the hypothesis of reducing the coefficient of distance. Based on the annual panel data over the period 2000-2016 the trade integration model for the EEU countries was estimated. To test the hypothesis of a decrease in the estimated coefficient of distance over time, the gravity model was also evaluated at different time intervals. And the positive impact of the globalization factor on the volume of exports is revealed.en_US
dc.identifier.citationAbakumova Ju. Globalization and export flows between Eurasian Economic Union countries: a gravity model approach [electronic resource] / Abakumova Ju., Primierova O. // Globalization and Its Socio-Economic Consequences - Sustainability in the Global-Knowledge Economy : 19th International Scientific Conference / edited by: Kliestik T.. - Rajecke Teplice, Slovakia, 2020. - Vol. 74. - Article Number: 06001.en_US
dc.identifier.urihttps://doi.org/10.1051/shsconf/20207406001
dc.identifier.urihttps://ekmair.ukma.edu.ua/handle/123456789/19775
dc.language.isoenuk_UA
dc.relation.sourceGlobalization and Its Socio-Economic Consequences - Sustainability in the Global-Knowledge Economy : 19th International Scientific Conferenceen_US
dc.statusfirst publisheduk_UA
dc.subjectglobalizationen_US
dc.subjecttrade integrationen_US
dc.subjectexport flowsen_US
dc.subjectconferance materialsen_US
dc.titleGlobalization and export flows between Eurasian Economic Union countries: a gravity model approachen_US
dc.typeConference materialsuk_UA
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