Gravity model of trade: the case of Serbia

Název práce: Gravity model of trade: the case of Serbia
Autor(ka) práce: Lazarević, Marina
Typ práce: Diploma thesis
Vedoucí práce: Šíma, Ondřej
Oponenti práce: Pour, Jiří
Jazyk práce: English
Abstrakt:
The main objective of this thesis is to examine the major factors of Serbia’s foreign trade in order to estimate the export and import functions. The analysis is based on the gravity model of international trade. The panel dataset includes 40 countries for a ten year period from 2006 to 2015 which derives 400 observations. The estimation is done based on the pooled OLS, random and fixed effects models. The results of the Breush-Pagan test shows that the estimation results of the random effects model are the most appropriate. The results reveal that the economic size, both of Serbia and its trading partners, distance, similar language and free trade agreements have a major impact on Serbia’s trade. On the other hand, a common border appears insignificant. Furthermore, the export potential is calculated for all trading partners included in this research. The trade with most of the countries seems to be under or near to its potential.
Klíčová slova: gravity model; random effects ; international trade ; Serbia
Název práce: Gravity model of trade: the case of Serbia
Autor(ka) práce: Lazarević, Marina
Typ práce: Diplomová práce
Vedoucí práce: Šíma, Ondřej
Oponenti práce: Pour, Jiří
Jazyk práce: English
Abstrakt:
The main objective of this thesis is to examine the major factors of Serbia’s foreign trade in order to estimate the export and import functions. The analysis is based on the gravity model of international trade. The panel dataset includes 40 countries for a ten year period from 2006 to 2015 which derives 400 observations. The estimation is done based on the pooled OLS, random and fixed effects models. The results of the Breush-Pagan test shows that the estimation results of the random effects model are the most appropriate. The results reveal that the economic size, both of Serbia and its trading partners, distance, similar language and free trade agreements have a major impact on Serbia’s trade. On the other hand, a common border appears insignificant. Furthermore, the export potential is calculated for all trading partners included in this research. The trade with most of the countries seems to be under or near to its potential.
Klíčová slova: random effects ; Serbia; international trade ; gravity model

Informace o studiu

Studijní program / obor: Finance and Accounting
Typ studijního programu: Magisterský studijní program
Přidělovaná hodnost: Ing.
Instituce přidělující hodnost: Vysoká škola ekonomická v Praze
Fakulta: Fakulta financí a účetnictví
Katedra: Katedra měnové teorie a politiky

Informace o odevzdání a obhajobě

Datum zadání práce: 30. 6. 2017
Datum podání práce: 21. 12. 2018
Datum obhajoby: 16. 1. 2019
Identifikátor v systému InSIS: https://insis.vse.cz/zp/62587/podrobnosti

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