Determinants of Net Trade Flows in the OECD: New Evidence with Special Emphasis on the Former Communist Members

11 Pages Posted: 31 Dec 2002

See all articles by Carmela Martín González

Carmela Martín González

Universidad Complutense de Madrid (UCM) - European Economy Group (EEG)

Francisco J. Velázquez

Universidad Complutense de Madrid - GRIPICO

Abstract

This study estimates an econometric panel-data model, in order to explore the capacity of some of the hypotheses formulated in recent dynamic models of trade and economic growth to explain the bilateral trade of OECD countries. The study suggests that the larger a country's endowment of both tangible and intangible (human and technological) capital in relation to that of its trade partners, the higher the export/import ratio of its bilateral trade. It also shows that direct investment enhances the export/import ratio with the host country. The former communist countries reflect only minor differences from the other OECD members.

Suggested Citation

Martín González, Carmela and Velázquez, Francisco J., Determinants of Net Trade Flows in the OECD: New Evidence with Special Emphasis on the Former Communist Members. Review of International Economics, Vol. 10, pp. 129-139, 2002. Available at SSRN: https://ssrn.com/abstract=309457

Carmela Martín González (Contact Author)

Universidad Complutense de Madrid (UCM) - European Economy Group (EEG) ( email )

Pabellsn de Segundo
Somosaguas Campus
Madrid, E-28223
Spain
+34 91 394 24 54 (Phone)
+34 91 394 24 58 (Fax)

Francisco J. Velázquez

Universidad Complutense de Madrid - GRIPICO ( email )

Pabellon de Segundo
Somosaguas Campus
Madrid, Madrid E-28223
Spain
+34 91 394 24 58 (Phone)
+34 91 394 24 58 (Fax)

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