Josheski, Dushko and Fotov, Risto (2013) Gravity modeling: International trade and R&D. International Journal of Business Management and Administration, 2 (5). 073-080. ISSN 2327-3100
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Abstract
In this paper, the issue of gravity modeling in international trade was investigated. Standard gravity
equation augmented with other variables was used to control for transportation cost, whether trade
partners are neighbors and whether country is landlocked, or countries’ participants in trade have had
colonial history together. Also in this study’s model, we control whether traded commodities are
homogenous, differentiated or high tech, and referenced. Variables denoting technology are TAI index,
which stands for technological achievement index, and which are also used as variables for creation
and diffusion of technology, as measured by the number of patents from the residents and royalty, and
license fees’ receipts by the foreign citizens. The expected results show that trade is highly dependent
on the exporters and importers’ levels of technology.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Bilateral trade, gravity model, R&D, OLS, PPML |
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Tourism and Business Logistics |
| Depositing User: | Dusko Josevski |
| Date Deposited: | 04 Jun 2013 14:23 |
| Last Modified: | 27 Oct 2014 12:04 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/6489 |
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