Zastosowanie modelu grawitacji do identyfikacji czynników determinujących przepływy handlowe w Unii Europejskiej
Year: 2014
Type: article
Abstract: The article analyzes the impact of potential determinants on the level of trade volume between the member states of the European Union. As a result of the use of gravity model for panel data the identification of a significant impact of the size of the economies of the member states, their level of economic development, foreign direct investment, the level of the so-called trade freedom of countries and of significant differences in the level of economic development between trading partners on the level of their bilateral trade. Also, it confirmed the existence of a negative relationship between the geographical distance and the size of the countries and their mutual exchange and a significant increase in the level of exports, both from the EU-12 to EU-15, and vice versa.
Authors: Michał Pietrzak, Justyna Łapińska
Institution: Nicolaus Copernicus University
Language: Polish
Topic: Global trade and economics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W1462535412