TY - GEN
T1 - Gravity Models for Latin American Economies
AU - Vallina-Hernández, Ana María
AU - Martinez, Pascalle
AU - Gonzalez, Claudio
AU - Fuentes, Rodrigo
AU - de la Fuente-Mella, Hanns
N1 - Publisher Copyright:
© 2020, The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG.
Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.
PY - 2020
Y1 - 2020
N2 - 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.
AB - 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.
KW - Econometric modeling
KW - Gravity models
KW - International trade
KW - Latin American
UR - http://www.scopus.com/inward/record.url?scp=85088232188&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-50791-6_63
DO - 10.1007/978-3-030-50791-6_63
M3 - Conference contribution
AN - SCOPUS:85088232188
SN - 9783030507909
T3 - Advances in Intelligent Systems and Computing
SP - 495
EP - 501
BT - Advances 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
A2 - Kantola, Jussi Ilari
A2 - Nazir, Salman
A2 - Salminen, Vesa
PB - Springer
T2 - AHFE Virtual Conference on Human Factors, Business Management and Society, and the International Conference on Management and Leadership, 2020
Y2 - 16 July 2020 through 20 July 2020
ER -