Pregled bibliografske jedinice broj: 1183696
Applying Gravity Model to Analyse Trade Direction
Applying Gravity Model to Analyse Trade Direction // Tehnički vjesnik : znanstveno-stručni časopis tehničkih fakulteta Sveučilišta u Osijeku, 27 (2020), 5; 1670-1677 doi:10.17559/tv-20200217101315 (recenziran, članak, znanstveni)
CROSBI ID: 1183696 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Applying Gravity Model to Analyse Trade Direction
Autori
Ristanović, Vladmir ; Primorac, Dinko ; Kozina, Goran
Izvornik
Tehnički vjesnik : znanstveno-stručni časopis tehničkih fakulteta Sveučilišta u Osijeku (1330-3651) 27
(2020), 5;
1670-1677
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
European Union ; panel gravity model ; trade
Sažetak
The application of Newton's law of gravity in explaining international trade proved to be very successful. The popularity of a gravity model for explaining trade flows has been due to the fact that the calculations require affordable data for every economy. The basic elements of the panel gravity model are mainly GDP, population and distance. This paper analyses Serbia's trade from 2001 to 2018 based on the experience of neighbouring countries of Croatia and Romania, using STATA software. The trade exchange with more distanced EU members is less realized. The country tends to trade much more with its neighbouring EU members, proving the basic assumption of a gravity model. There are exceptions regarding some parts of the trade with developed EU economies, regardless of their distance. These relations will help us to evaluate the trade pattern and direction of Serbian trade in the EU accession process using a gravity model.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Ustanove:
Sveučilište Sjever, Koprivnica
Citiraj ovu publikaciju:
Časopis indeksira:
- Web of Science Core Collection (WoSCC)
- Science Citation Index Expanded (SCI-EXP)
- SCI-EXP, SSCI i/ili A&HCI
- Scopus