Gravity Models for Latin American Economies

Ana María Vallina-Hernández, Pascalle Martinez, Claudio Gonzalez, Rodrigo Fuentes, HANNS ANIBAL DE LA FUENTE MELLA

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Scopus citations

Abstract

This research seeks to estimate a gravity model that allows to characterize trade between Latin American economies. An indexed triple gravity model is proposed, which considers fixed effects of time, exporting country and importing country. The gravity equations have been widely used for the prediction of international trade flows, but many of the models used for these purposes have problems of poor specification from an econometric point of view. Thus, the proposed model seeks to include simultaneously new variables or variables that have been consider independently, as well as, to provide a correct economic inference of the Latin American regional trade flows.

Original languageEnglish
Title of host publicationAdvances in Human Factors, Business Management and Leadership - Proceedings of the AHFE 2020 Virtual Conferences on Human Factors, Business Management and Society, and Human Factors in Management and Leadership
EditorsJussi Ilari Kantola, Salman Nazir, Vesa Salminen
PublisherSpringer
Pages495-501
Number of pages7
ISBN (Print)9783030507909
DOIs
StatePublished - 2020
Externally publishedYes
EventAHFE Virtual Conference on Human Factors, Business Management and Society, and the International Conference on Management and Leadership, 2020 - San Diego, United States
Duration: 16 Jul 202020 Jul 2020

Publication series

NameAdvances in Intelligent Systems and Computing
Volume1209 AISC
ISSN (Print)2194-5357
ISSN (Electronic)2194-5365

Conference

ConferenceAHFE Virtual Conference on Human Factors, Business Management and Society, and the International Conference on Management and Leadership, 2020
CountryUnited States
CitySan Diego
Period16/07/2020/07/20

Keywords

  • Econometric modeling
  • Gravity models
  • International trade
  • Latin American

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