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.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Mátyás, L.: Proper econometric specification of the gravity model. World Econ. 20, 363–368 (1997)
Mankiw, N.: Macroeconomía, 8° Edición. Harvard University, New York (2014)
Arimón, G., Correa, F., Fernández, D.: 30 años de integración en la ALADI. ALADI, Montevideo, Uruguay (2012)
Blaug, M.: La Metodología de la Economía. Alianza Universidad, Madrid (1980)
Pelkmans, J.: Un nuevo enfoque de las teorías de la integración económica en: Salgado, G. (comp) Economía de la Integración Latinoamericana, Lecturas seleccionadas. Buenos Aires, BID-INTAL. Tomo I (1989)
Bhagwati, J.: Regionalism versus multilateralism. In: World Bank and CEPR Conference on New Dimensions in Regional Integration. Washington: Session I, Paper 1 (1992)
Salgado, G.: Modelo y políticas de integración (1993). http://www.revistaei.uchile.cl/index.php/REI/article/viewFile/15699/21141. Accedido 22 de junio 2015
Bárcena, A., Prado, A., Rosales, O., Pérez, R.: Integración regional hacia una estrategia de cadenas de valor inclusivas. Naciones Unidas, Santiago de Chile (2014)
Marchand, M., Sisson, A.: Gender and Global Restructuring. Sighting, Sites and Resistences. The Ripe Series in Global Political Economy. Routledge, London and New York (2000)
Frankel, J., Rose, A.: An estimate of the effect of common currencies on trade and income. Q. J. Econ. 117(1), 437–466 (2000)
Grubel, H.G., Lloyd, P.J.: Intra-industry Trade: The Theory and Measurement of International Trade in Differentiated Products. Wiley, New York (1975)
Krugman, P.: Intra-industry specialization and the gains from trade. J. Polit. Econ. 89, 959–973 (1981)
Frankel, J., Rose, A.: An estimate of the effect of common currencies on trade and income. Q. J. Econ. 117(2), 437–466 (2002)
Lewer, J., Saenz, M.: Efectos de la liberación financiera sobre el comercio exterior: modelo gravitacional de Latinoamérica 1995–1999. Estudios Económicos de Desarrollo Internacional 4(2) (2004)
Anderson, J., Van Wincoop, E.: Gravity with gravitas: a solution to the border puzzle. Am. Econ. Rev. 93, 170–192 (2003)
Coughenour, C., Paz, A., De la Fuente-Mella, H., Singh, A.: Multinomial logistic regression to estimate and predict perceptions of bicycle and transportation infrastructure in a sprawling metropolitan area. J. Public Health 38(4), 401–408 (2016)
Paz, A., De la Fuente-Mella, H., Singh, A., Conover, R., Monteiro, H.: Highway expenditures and associated customer satisfaction: a case study. Math. Probl. Eng. 2016(4630492), 1–9 (2016)
De la Fuente, H., Vallina, A.M., Solis, R.: Stochastic analysis of the economic growth of OECD countries. Economic Research-Ekonomska Istraživanja (2019). https://doi.org/10.1080/1331677x.2019.1685397
Coughenour, C., De la Fuente-Mella, H., Paz, A.: Analysis of self-reported walking for transit in a sprawling urban metropolitan area in the western U.S. Sustainability. 11(852), 16 (2019). https://doi.org/10.3390/su11030852
Acknowledgments
Núcleo de Investigación en Data Analytics, Pontificia Universidad Católica de Valparaíso, VRIEA-PUCV, 039.432/2020.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Vallina-Hernández, A.M., Martinez, P., Gonzalez, C., Fuentes, R., de la Fuente-Mella, H. (2020). Gravity Models for Latin American Economies. In: Kantola, J., Nazir, S., Salminen, V. (eds) Advances in Human Factors, Business Management and Leadership. AHFE 2020. Advances in Intelligent Systems and Computing, vol 1209. Springer, Cham. https://doi.org/10.1007/978-3-030-50791-6_63
Download citation
DOI: https://doi.org/10.1007/978-3-030-50791-6_63
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-50790-9
Online ISBN: 978-3-030-50791-6
eBook Packages: EngineeringEngineering (R0)