Free trade agreement effects in the Mediterranean region: An analytic approach based on SURE gravity model

Kepaptsoglou, K; Tsamboulas, D; Karlaftis, MG; Marzano, V

dc.contributor.author	Kepaptsoglou, K	en
dc.contributor.author	Tsamboulas, D	en
dc.contributor.author	Karlaftis, MG	en
dc.contributor.author	Marzano, V	en
dc.date.accessioned	2014-03-01T01:30:45Z
dc.date.available	2014-03-01T01:30:45Z
dc.date.issued	2009	en
dc.identifier.issn	0361-1981	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/19624
dc.subject	Free Trade Agreement	en
dc.subject	Mediterranean Region	en
dc.subject.classification	Engineering, Civil	en
dc.subject.classification	Transportation	en
dc.subject.classification	Transportation Science & Technology	en
dc.subject.other	Analytic approach	en
dc.subject.other	Data sets	en
dc.subject.other	Free Trade Agreement	en
dc.subject.other	Gravity model	en
dc.subject.other	Heteroscedasticity	en
dc.subject.other	Mediterranean region	en
dc.subject.other	Model parameters	en
dc.subject.other	Seemingly unrelated regression	en
dc.subject.other	Serial correlation	en
dc.subject.other	Transportation cost	en
dc.subject.other	International trade	en
dc.subject.other	Site selection	en
dc.subject.other	Contracts	en
dc.title	Free trade agreement effects in the Mediterranean region: An analytic approach based on SURE gravity model	en
heal.type	journalArticle	en
heal.identifier.primary	10.3141/2097-11	en
heal.identifier.secondary	http://dx.doi.org/10.3141/2097-11	en
heal.language	English	en
heal.publicationDate	2009	en
heal.abstract	Free trade agreements (FTAs) are tools that have been widely implemented for enhancing trade between countries. As a result, various models have been developed in an effort to explain the effects of these agreements on trade. The objective of this study is to develop a model suitable for exploring FTA effects on trade flows in the Mediterranean region. For that purpose a model is developed for analyzing trade flows based on the family of gravity models; the model parameters are estimated by using the seemingly unrelated regression estimation approach, in an effort to account for cross-sectional heterogeneity, serial correlation, and heteroscedasticity in the data set used. Results of the derived models are discussed and indicate that FTA effects on trade flows do exist but remain relatively low compared with other factors such as transportation costs.	en
heal.publisher	NATL ACAD SCIENCES	en
heal.journalName	Transportation Research Record	en
dc.identifier.doi	10.3141/2097-11	en
dc.identifier.isi	ISI:000269568600011	en
dc.identifier.issue	2097	en
dc.identifier.spage	88	en
dc.identifier.epage	96	en