Regionalism and Gravity

GEP Research Paper No. 02/20

22 Pages Posted: 28 Jun 2003

See all articles by Chris Milner

Chris Milner

University of Nottingham - School of Economics

David Greenaway

University of Nottingham - School of Economics

Multiple version iconThere are 2 versions of this paper

Abstract

Gravity models have been extensively used to evaluate the trade effects of regional trading arrangements, (RTAs), especially over the last 10 years or so. Questions addressed by researchers include, is there a regional bias to trade and are there identifiable trade affects attributable to RTAs? This paper reviews the evidence extant from this literature and evaluates the modelling and methodological issues confronted when applying gravity modelling to the analysis of regionalism. The paper argues that the approach has a distinctive role to play in evaluating trade effects and its application has been enhanced by both the refinement of theoretical underpinnings and development of econometric technique.

Keywords: regionalism, gravity models

JEL Classification: F14, F15

Suggested Citation

Milner, Chris and Greenaway, David, Regionalism and Gravity. GEP Research Paper No. 02/20. Available at SSRN: https://ssrn.com/abstract=412940 or http://dx.doi.org/10.2139/ssrn.412940

Chris Milner

University of Nottingham - School of Economics ( email )

University Park
Nottingham, NG7 2RD
United Kingdom

David Greenaway (Contact Author)

University of Nottingham - School of Economics ( email )

University Park
Nottingham, NG7 2RD
United Kingdom
+44 115 951 5469 (Phone)
+44 115 951 4159 (Fax)

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