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@article{43362, author = {Aramayo, Loudres Gabriela Daza and Vokoun, Marek}, article_location = {Prešov}, article_number = {2}, keywords = {International Trade; Institutions; Gravity model; Germany; Czech Republic; Latin America}, language = {eng}, issn = {1339-3189}, journal = {Mladá veda}, title = {TRADE RELATIONS BETWEEN LATIN AMERICA AND THE EUROPEAN UNION: THE ROLE OF INSTITUTIONAL FACTORS}, volume = {6}, year = {2018} }
TY - JOUR ID - 43362 AU - Aramayo, Loudres Gabriela Daza - Vokoun, Marek PY - 2018 TI - TRADE RELATIONS BETWEEN LATIN AMERICA AND THE EUROPEAN UNION: THE ROLE OF INSTITUTIONAL FACTORS JF - Mladá veda VL - 6 IS - 2 SP - 237-261 EP - 237-261 PB - Vydavateľstvo UNIVERSUM, spol. s r. o. SN - 13393189 KW - International Trade KW - Institutions KW - Gravity model KW - Germany KW - Czech Republic KW - Latin America N2 - "The trade theory seeks to identify the variables determining international exchange between countries. In recent years, variables not traditionally considered in traditional models, such as geographic location, the cost of transport, and cultural and institutional factors have emerged as important explanatory variables, and therefore need to be incorporated in the analysis. In order to make new contributions, this paper contains an extended business gravity model with panel data and random effects that combine institutional, economic and cultural changes as one of the determinants of bilateral flows between the country of origin and the rest of the world during the period 1995-2011, through the use of different aggregate indicators, incorporated as explanatory variables in different design specifications. The objective of this research is to design an extended/modified model of trade where the economic characteristics of countries are combined with the institutional and policy factors of trade, such as EU alignment, EU common policies, the impacts of the Euro, trade agreements, and the application of this model on the analysis of International Trade between Latin American countries, Germany and the Czech Republic. We would also like to explain the gaps between the real and theoretical trade by means of robust estimation techniques, thus enabling us to quantitatively assess the role of institutional factors, Free Trade Agreements, and other factors on trade." ER -
ARAMAYO, Loudres Gabriela Daza a Marek VOKOUN. TRADE RELATIONS BETWEEN LATIN AMERICA AND THE EUROPEAN UNION: THE ROLE OF INSTITUTIONAL FACTORS. \textit{Mladá veda}. Prešov: Vydavateľstvo UNIVERSUM, spol. s r. o., roč.~6, č.~2, s.~237-261. ISSN~1339-3189. 2018.
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