Analysis of International Trade between Latin America and Germany using gravity models

@inproceedings{45581,
   author = {Aramayo, Gabriela and Vokoun, Marek},
   address = {Madrid, Spain},
   booktitle = {Vision 2020: Sustainable Economic development, Innovation Management, and Global Growth, Proceedings of the 30th International Business Information Management Association Conference (IBIMA)},
   edition = {1.},
   editor = {Khalid S. Soliman},
   keywords = {gravity model; international trade; institutions; free trade agreements; economic and political factor},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {Madrid, Spain},
   isbn = {978-0-9860419-9-0},
   pages = {4043-4050},
   publisher = {Internationa Business Information Management Association (IBIMA)},
   title = {Analysis of International Trade between Latin America and Germany using gravity models},
   year = {2017}
}

TY  - JOUR
ID  - 45581
AU  - Aramayo, Gabriela - Vokoun, Marek
PY  - 2017
TI  - Analysis of International Trade between Latin America and Germany using gravity models
PB  - Internationa Business Information Management Association (IBIMA)
CY  - Madrid, Spain
SN  - 9780986041990
KW  - gravity model
KW  - international trade
KW  - institutions
KW  - free trade agreements
KW  - economic and political factor
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 (Germany) and its trade partners (Latin-American region) during the period 1995-2011, through the use of different aggregate indicators, incorporated as explanatory variables in different design specifications. The main objective of this research is to analyze the determinants of trade between Germany and Latin America with an extended/modified model of trade where the economic characteristics of countries are combined with the institutional and policy factors of trade, such as trade agreements. The strong determinants of international trade between Germany and Latin America are free trade agreements, property rights index and corruption index.
ER  - 

ARAMAYO, Gabriela a Marek VOKOUN. Analysis of International Trade between Latin America and Germany using gravity models. Online. In Khalid S. Soliman. \textit{Vision 2020: Sustainable Economic development, Innovation Management, and Global Growth, Proceedings of the 30th International Business Information Management Association Conference (IBIMA)}. 1. vyd. Madrid, Spain: Internationa Business Information Management Association (IBIMA), 2017, s.~4043-4050. ISBN~978-0-9860419-9-0.