Measuring the Trade Effects of Emu

By Hamid Faruqee. Social Science Research Network, 2004

110 citations recorded by the source corpus.

This paper examines the impact of European Economic and Monetary Union (EMU) on trade within the euro area. Using panel data for 22 industrial countries, the analysis estimates the effect of the euro`s arrival on area-wide trade compared to bilateral trade flows between other industrial countries. Controlling for other influences according to the "gravity" model of trade, the panel analysis employs cointegration techniques to obtain reliable point estimates of EMU trade effects. Cross-country differences with respect to EMU trade gains and underlying factors accounting for these differences are also further explored.

View Paper: https://www.semanticscholar.org/paper/619efce47368a773033b6ce489d1d56dddd47faf

Citations in the corpus

• Trade Integration of Central and Eastern European Countries: Lessons from a Gravity Model (2005, unknown): “Working Paper Series No. 545 November 2005 Meanwhile, Fontagné et al. (1999) found that trade potentials were largely exhausted by the end of the decade (in the longer-run however, trade flows could increase in larger proportions once all structural adjustment is completed).”