The Effect of Financial Development, Tariff, and RTA on Exports: A Structural Gravity Analysis

• 발행기관: 세종대학교 경제통합연구소
• 저자명: Syed Nazrul Islam Md. Shariful Islam Md. Rayhanul Islam Md. Ashraful Alam
• 간행물 정보: 『Journal of Economic Integration』제39권 제1호, 107~150쪽, 전체 44쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2024.03.01

국문 초록

Abstract This paper examines the effect of financial development (FD), tariffs, and RTA on bilateral exports in a structural gravity framework. Applying high-dimensional fixed effects in OLS and PPML estimation technique in a panel framework covering 169 countries over 2001-2017, this paper finds that FD of both exporters and importers are an important determinant for boosting exports. The EIA has the most trade creation effect than any other form of RTA. Importers' FD has a larger effect on bilateral exports for developed to developed and developed and developing country trade than that of the exporters. The trade between developing to developing countries is positively affected by both exporters' and importers' FD; and negatively to a larger extent by tariff measures. However, in the case of developing and developed country estimation, FD of the exporter country is significantly affecting bilateral trade. Tariffs significantly distort trade, largely between developing and developed countries.

목차

I. Introduction

II. Literature Review

III. Empirical Methodology and Data

IV. Empirical Analysis and Results

V. Robustness Check

VI. Conclusions

키워드

financial development exports tariffs regional trade agreement gravity model