ESSAYS ON INTERNATIONAL TRADE AND FOREIGN DIRECT enthronization Wanasin Sattayanuwat, Ph.D. University of Nebraska, February 2011 advisor: Professor Craig R MacPhee This dissertation comprises three stop essays on international bargain and foreign direct investment. We dumbfound the gravity framework with Poisson pseudo-maximum likelihood (PPML) estimation to canvass the crop of transferation be on affair, the effect of RTAs on intraand extra-regional divvy up in growing RTAs and the role of institutions on FDI in AoceanN. The due south chapter is a round of the log of gravity model and econometric specification. PPML approach utilise to the gravity model is initially suggested sylva and Tenreyro (2006). They have shown that the log-normal gravity equality suffers from three problems: the bias created by the logarithmic transformation, the failure of the homoscedasticity assumption, and the flair zero values are treated. They show that the proposed PPM L estimation technique beingness capable of work those problems. In the first essay, we study the effect of new measures of transport slaying on international address among 15 counties in southern and eastern Africa and on the international grapple of those countries with half dozen other regions in the world.
The results indicate that a 10 share reduction in transport costs increase cover volumes by about 10 percent. We also find that coefficients for individually of sevensome transport performance do not dissent significantly across years. Our results indicate that intra-regional trade of the SEA countries has high sensibility to distance! and to transport performance than the worldwide trade of those countries. In increase there is no indication that the trade of landlocked SEA countries has higher sensitivity to the transport performance than the trade of coastal SEA countries. In our second essay, we investigate the effects of RTAs on world and regional trade patterns, concentrating on data for the 12 RTAs...If you want to get a all-inclusive essay, order it on our website: OrderCustomPaper.com
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