Dspace @ IIM Kozhikode

EMU Membership, Trade and Investment Flows: Enhancement beyond the Single Market Effects ?

Show simple item record

dc.contributor.author Nandakumar, Parameswar
dc.contributor.author Barot, Bharat*
dc.contributor.author Wague, Cheick*
dc.date.accessioned 2015-04-17T11:14:02Z
dc.date.available 2015-04-17T11:14:02Z
dc.date.issued 2004
dc.identifier.uri http://hdl.handle.net/2259/343
dc.description * External Authors en_US
dc.description.abstract One of the key arguement advanced in support of entry into the EMU by hesitant countries is the expected increase in trade volumes. Previous work on measuring the impact of EMU membership on trade has usually caputured the effect using the Gravity Model of trade and dummies representing membership status. Results obtained vary widely from a 5% trade effect to almost 200% in the original contribution. This paper adopts a new approach by analysing the effect on trade due to increased investment flows in the wake of actual or expected membership. The final impacts on trade thus traced are close to the estimates on the higher side in the previous studies. The coefficients for country and partner GDP product, FDI product and geographical distance are all highly significant, and FDI inflows are seen to have a strong impact with an elasticity of 0.42, on bilateral trade. en_US
dc.language.iso en en_US
dc.publisher Indian Institute of Management Kozhikode en_US
dc.subject EMU en_US
dc.subject Trade en_US
dc.subject Investment Flows en_US
dc.subject FDI en_US
dc.subject Single Market en_US
dc.title EMU Membership, Trade and Investment Flows: Enhancement beyond the Single Market Effects ? en_US
dc.type Working Paper en_US


Files in this item

This item appears in the following Collection(s)

  • Working Papers [8]
    This collection consists of working papers of IIMK Community.

Show simple item record

Search DSpace


Advanced Search

Browse

My Account