Prague Economic Papers 2007, 16(4):336-346 | DOI: 10.18267/j.pep.312

Impact of Accession to Emu on International Trade - Case of the Czech Republic

Filip Tichý
University of Economics, Prague (TichyF@vse.cz).

The goal of this paper is to determine one of the consequences of accession of the Czech Republic to the European Monetary Union. The gravity equation is used to estimate the impact of exchange rate volatility and currency unions on international trade. Model's variables include GDPs per capita and populations of each partners, distance between them, exchange rate volatility and several dummy variables, including those, that are signifying membership of given country in the euro area. This model is estimated by general least squares method using panel data for members of the European Union.

Keywords: international trade, panel data, monetary union, exchange rate volatility, gravity model
JEL classification: C51, F13, F15

Published: January 1, 2007  Show citation

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Tichý, F. (2007). Impact of Accession to Emu on International Trade - Case of the Czech Republic. Prague Economic Papers, 16(4), 336-346. doi: 10.18267/j.pep.312
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    References

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