Currency unions and trade : what is the impact of the euro on trade in the euro area?

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dc.contributor.author Tykkyläinen, Jasse
dc.date.accessioned 2012-07-19T13:43:06Z
dc.date.available 2012-07-19T13:43:06Z
dc.date.issued 2012
dc.identifier.uri http://hdl.handle.net/123456789/38243
dc.description.abstract The aim of this study is to estimate the effect of the euro on trade within the euro area. This has been a relevant question for European politicians ever since the launch of the common currency was agreed on in the Maastricht Treaty in 1992. To analyse the topic the gravity model of international trade augmented with several dummy variables is employed using panel data of 29 developed countries between 1995 and 2010. The estimated aggregate trade effect on the euro zone reaches 10 % in the most preferred regression and is comparable with earlier estimates. However, there is considerable variation in the results when different sample sizes are used. This could be a sign of omitted variable bias that requires further in-depth analysis. Moreover, to help decision-makers correctly estimate the costs and benefits of the common currency additional research on trade effects in individual countries is desirable.
dc.format.extent 32
dc.language.iso eng
dc.rights Julkaisu on tekijänoikeussäännösten alainen. Teosta voi lukea ja tulostaa henkilökohtaista käyttöä varten. Käyttö kaupallisiin tarkoituksiin on kielletty. fi
dc.rights This publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited. en
dc.subject.other euro area
dc.subject.other international trade
dc.subject.other gravity model
dc.subject.other monetary union
dc.subject.other Rose effect
dc.title Currency unions and trade : what is the impact of the euro on trade in the euro area?
dc.type Book en
dc.identifier.urn URN:NBN:fi:jyu-201207192108
dc.type.dcmitype Text en
dc.type.ontasot Kandidaatintutkielma fi
dc.type.ontasot Bachelor's thesis en
dc.contributor.tiedekunta kauppakorkeakoulu fi
dc.contributor.laitos taloustieteet fi
dc.contributor.yliopisto University of Jyväskylä en
dc.contributor.yliopisto Jyväskylän yliopisto fi
dc.contributor.oppiaine kansantaloustiede fi
dc.date.updated 2012-07-19T13:43:06Z

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