Monetary Policy and the Time-Varying Spatial Effects of Bilateral Trade: Evidence from China-ASEAN-5 Countries

被引：0
作者：
Po-Chin Wu
Shiao-Yen Liu
机构：
[1] Chung Yuan Christian University,Department of International Business
来源：
Applied Spatial Analysis and Policy | 2017年 / 10卷
关键词：
Bilateral trade balance; Gravity model; Time-varying spatial effect; Panel smooth transition regression specification; F14; C23; E52; R12;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This paper examines the China–ASEAN (Association of Southeast Asian Nations)-5 bilateral trade balances by using a time-space simultaneous gravity model with a panel smooth transition regression specification. This model can investigate both internal and external bilateral trade. The empirical results show that a larger real interest rate differential between China and a member country of the ASEAN-5 would switch the negative spatial effect to a positive one, causing a higher average spatial effect from the bilateral trade balance. The time-varying marginal effects of the determinants of bilateral trades are verified. However, the geographical distance of each country pair remains the most important deterrent to China–ASEAN-5 bilateral trade.
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页码：103 / 120
页数：17
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