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Barriers to the Development of Regional Competitiveness in the Context of Regional Economies - EU, Latvia, Region Vidzeme Case Study Read chapter Read first chapter

2020 | OriginalPaper | Chapter

Gravity Models for Latin American Economies

Authors : Ana María Vallina-Hernández, Pascalle Martinez, Claudio Gonzalez, Rodrigo Fuentes, Hanns de la Fuente-Mella

Published in: Advances in Human Factors, Business Management and Leadership

Publisher: Springer International Publishing

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Abstract

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.

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Metadata
Title
Gravity Models for Latin American Economies
Authors
Ana María Vallina-Hernández
Pascalle Martinez
Claudio Gonzalez
Rodrigo Fuentes
Hanns de la Fuente-Mella
Copyright Year
2020
Book
Advances in Human Factors, Business Management and Leadership

Print ISBN: 978-3-030-50790-9

Electronic ISBN: 978-3-030-50791-6

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-50791-6_63