Comparative Analysis of Determinants of Trade in Services: Cases of Ireland and United Kingdom
| Thesis title in Czech: | Komparativní analýza determinujících faktorů obchodu ve službách: Případy Irska a Spojeného království |
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| Thesis title in English: | Comparative Analysis of Determinants of Trade in Services: Cases of Ireland and United Kingdom |
| Key words: | Mezinárodní obchod; Determinanty rozhodování exportérů; Gravitační model; Komparativní ekonomie |
| English key words: | International trade; Determining factors of decision making of exporters; Gravity model; Comparative economics |
| Academic year of topic announcement: | 2014/2015 |
| Thesis type: | Bachelor's thesis |
| Thesis language: | angličtina |
| Department: | Institute of Economic Studies (23-IES) |
| Supervisor: | doc. Ing. Vladimír Benáček, CSc. |
| Author: | hidden - assigned by the advisor |
| Date of registration: | 18.06.2015 |
| Date of assignment: | 18.06.2015 |
| Date and time of defence: | 15.06.2016 08:00 |
| Venue of defence: | IES, m 206 |
| Date of electronic submission: | 09.05.2016 |
| Date of proceeded defence: | 15.06.2016 |
| Opponents: | Mgr. Michal Paulus, Ph.D. |
| URKUND check: | |
| Guidelines |
| Dle kritérií pro bakalářské práce IES a FSV. |
| References |
| Bergstrand, Jeffrey H. The gravity equation in international trade: some microeconomic foundations and empirical evidence. The review of economics and statistics (1985): 474-481.
Carrere, Céline. Revisiting the effects of regional trade agreements on trade flows with proper specification of the gravity model. European Economic Review 50.2 (2006): 223-247. Deardorff, Alan V. Determinants of bilateral trade: does gravity work in a neoclassical world? Nov 7 (1995): 7-28. Anderson, James E. The gravity model. No. w16576. National Bureau of Economic Research, 2010. Walsh, Keith. Trade in services: does gravity hold? A gravity model approach to estimating barriers to services trade. (2006). Brakman, S., P. A. G. van Bergeijk, and P. A. G. Bergeijk. The comeback of the Gravity model. The Gravity model in prospect and retrospect (2010). van Bergeijk, Peter AG, and Steven Brakman, eds. The gravity model in international trade: Advances and applications. Cambridge University Press, 2010 |
| Preliminary scope of work |
| Research question and motivation
This thesis attempts to determine the driving factors behind trade in services. For this purpose, data for Ireland and United Kingdom will be analyzed. I will compare the results for multiple categories and levels of aggregations. Contribution The main contribution of this thesis lies in examining the driving factors behind trade in services. While similar research has been done over and over again under different scenarios for Trade in Goods, Trade in Services still represent quite unexplored field. Furthermore, majority of the previous applications of gravity model to trade in services has been using very limited datasets and estimated with ordinary least squares instead of the recent favorite: Poisson Pseudo-Maximum Likelihood Estimator. Methodology I will be using a dataset containing export data for Ireland and United Kingdom in years 2004 – 2012. During this period, BPM5 has been used by both countries for reporting the exports to Eurostat. Furthermore, the gravity model will be estimated using the Poisson Regression with loosened assumption of equidispersion. For robust inference, I will rely on large sample properties of the estimators instead of bootstrapping. Outline 1. Introduction 2. Literature review 3. Methodology 4. Results 5. Conclusion |
| Preliminary scope of work in English |
| Research question and motivation
This thesis attempts to determine the driving factors behind trade in services. For this purpose, data for Ireland and United Kingdom will be analyzed. I will compare the results for multiple categories and levels of aggregations. Contribution The main contribution of this thesis lies in examining the driving factors behind trade in services. While similar research has been done over and over again under different scenarios for Trade in Goods, Trade in Services still represent quite unexplored field. Furthermore, majority of the previous applications of gravity model to trade in services has been using very limited datasets and estimated with ordinary least squares instead of the recent favorite: Poisson Pseudo-Maximum Likelihood Estimator. Methodology I will be using a dataset containing export data for Ireland and United Kingdom in years 2004 – 2012. During this period, BPM5 has been used by both countries for reporting the exports to Eurostat. Furthermore, the gravity model will be estimated using the Poisson Regression with loosened assumption of equidispersion. For robust inference, I will rely on large sample properties of the estimators instead of bootstrapping. Outline 1. Introduction 2. Literature review 3. Methodology 4. Results 5. Conclusion |