Investigating the Effects of Euro on Bilateral Trade
Investigating the Effects of Euro on Bilateral Trade: a Kernel Matching Approach
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제24권 제4호
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2009.12661 - 684 (24 pages)
- 3
The aim of this paper is to estimate the effects of the adoption of the Euro on the bilateral trade of European and OECD countries. Using the most recently available data and a more appropriate deflator of bilateral trade, this research tries to assess whether EMU countries trade more than they would have if they had not adopted the Euro. In doing so an augmented ‘difference in differences’ approach is used. The results obtained show that the adoption of the Euro increased trade significantly and that there is also no evidence of trade diversion effects.
Ⅰ. Introduction
Ⅱ. The Effects of Common Currencies on Bilateral Trade
Ⅲ. The Model, the Variables and the Econometric Techniques
Ⅳ. Results
Ⅴ. Conclusions
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