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Essays on the Effect of GATT/WTO and Financial Crisis on International Trade.

机译:关贸总协定/世贸组织和金融危机对国际贸易的影响的论文。

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摘要

The whole thesis consists of three chapters. In chapter 1, I develop a Bayesian estimation method for inferring a dynamic panel data gravity model. My method deals with the many zeros problem and at the same time allows for lagged dependent variables and multiple sets of unobserved effects. I apply the Bayesian estimation algorithm to re-examine the effect of GATT/WTO membership on trade. I find that my dynamic gravity model fits the data better than the static version of the same model, and trade ow in the previous period has a large and positive effect on trade flow in the current period. I also find that GATT/WTO membership does not appear to have an effect on trade flow. This result is consistent with the findings by Rose (2004), but not with those of Liu (2009), who uses the same dataset. This shows the importance of including lagged dependent variables and multiple sets of unobserved effects in gravity model estimation.;In chapter 2, I develop a method to estimate a dynamic gravity model with multiple sets of unobserved effects, with only the conditional mean assumption for the dependent variable. My method deals with the many zeros problem and allows for lagged dependent variables and time-varying exporter and importer fixed effects as well as time-invariant country-pair fixed effects. I find that trade flow in the previous period still has a large and positive effect on trade ow in the current period after controlling for multiple sets of unobserved effects.;In chapter 3, I investigate the impact of a banking crisis on international trade in services. Many studies have tried to explain how a banking crisis affects international trade flows. However, despite the growing importance of services trade, the existing literature has focused on the impact of banking crises on goods trade. This is because, until recently, no internationally comparable bilateral services trade data were available to measure the effects of such crises. The OECD now provides bilateral services trade data, and it is thus possible to examine the effect of the recent global crisis on services trade. Because there is heterogeneity within services, I hypothesize that the exporter's and importer's banking crises affect each services sector's trade differently find that both the exporter's and the importer's banking crises have a negative effect on goods-related services trade, such as other commercial services trade and transportation services trade. However, there is no significant effect of banking crises on travel services trade.
机译:全文共分三章。在第一章中,我开发了一种贝叶斯估计方法来推断动态面板数据重力模型。我的方法处理许多零问题,同时允许滞后因变量和多组未观察到的影响。我应用贝叶斯估计算法重新检查GATT / WTO成员资格对贸易的影响。我发现我的动态引力模型比同一个模型的静态模型更适合数据,并且上一时期的贸易流量对当期的贸易流量产生了较大的积极影响。我还发现,关贸总协定/世贸组织的成员资格似乎对贸易流量没有影响。该结果与Rose(2004)的发现一致,但与使用相同数据集的Liu(2009)的发现不一致。这表明在重力模型估计中包括滞后因变量和多组未观察到的效应的重要性。在第二章中,我开发了一种方法,用于估计具有多组未观察到的效应的动态重力模型,并且仅对模型进行了条件均值假设。因变量。我的方法处理许多零问题,并允许滞后因变量和随时间变化的出口商和进口商固定效应以及随时间变化的国家/地区对固定效应。我发现,在控制了多套未观察到的影响之后,前一时期的贸易流量对当前时期的贸易仍然有很大的积极影响。在第三章中,我研究了银行业危机对国际服务贸易的影响。 。许多研究试图解释银行业危机如何影响国际贸易流量。然而,尽管服务贸易的重要性日益增加,但现有文献集中在银行危机对商品贸易的影响上。这是因为直到最近,还没有国际上可比较的双边服务贸易数据来衡量此类危机的影响。经合组织现在提供双边服务贸易数据,因此有可能检查最近的全球危机对服务贸易的影响。由于服务内部存在异质性,我假设出口商和进口商的银行危机对每个服务部门的贸易产生不同的影响,发现出口商和进口商的银行危机都对与商品相关的服务贸易产生负面影响,例如其他商业服务贸易和运输服务贸易。但是,银行危机对旅行服务贸易没有重大影响。

著录项

  • 作者

    Cho, Moon Hee.;

  • 作者单位

    North Carolina State University.;

  • 授予单位 North Carolina State University.;
  • 学科 Economic theory.
  • 学位 Ph.D.
  • 年度 2015
  • 页码 87 p.
  • 总页数 87
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

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