Proposing a new measure of distance in the gravity setting: evidence from Latin America

Detalhes bibliográficos
Autor(a) principal: Mejia, Juan Felipe
Data de Publicação: 2017
Outros Autores: Hassan, Andrés Ramírez
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Economia Aplicada
DOI: 10.11606/1413-8050/ea154363
Texto Completo: https://www.revistas.usp.br/ecoa/article/view/135138
Resumo: The gravity model is a workhorse tool that has been widely used in international trade. However, one empirical question that frequently arises is related to the conceptualization and measurement of an economic distance index. Our study proposes an index based on Multiple Factor Analysis. This technique summarizes information related to the geographical, cultural, political and economic variables that might affect international trade between countries. Estimates indicate that the signs of the load factors in the Multiple Factor Analysis are intuitively plausible, and panel data exercises give sensible robust outcomes.
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spelling Proposing a new measure of distance in the gravity setting: evidence from Latin AmericaProposing a new measure of distance in the gravity setting: evidence from Latin AmericaGravity Equation ModelMultiple Factor AnalysisPanel DataTrade Distance.Modelo equação de gravidadeAnálise factorial MúltiplaPainel de dadosDistância do Comércio.The gravity model is a workhorse tool that has been widely used in international trade. However, one empirical question that frequently arises is related to the conceptualization and measurement of an economic distance index. Our study proposes an index based on Multiple Factor Analysis. This technique summarizes information related to the geographical, cultural, political and economic variables that might affect international trade between countries. Estimates indicate that the signs of the load factors in the Multiple Factor Analysis are intuitively plausible, and panel data exercises give sensible robust outcomes.O modelo de gravidade é uma ferramenta de trabalho que tem sido amplamente usada no comércio internacional. No entanto, uma questão empírica que surge com frequência está relacionada com a conceptualiza- ção e a medição de um índice de distância económica. Na configuração de gravidade padrão, o uso de proxies para os custos do comércio para quantificar e analisar a distância é um método comumente usado. Nós construímos o nosso índice usando Análise de factores Múltiplos. Esta técnica resume, em apenas um factor, informações relacionadas com as variáveis geográficas, culturais, políticas e ecocômicas que possam afetar o comércio internacional entre os países. Estas estimativas indicam que os sinais dos fatores de carga na Análise de factores Múltiplos são intuitivamente plausivel, e exercícios de painel de dados dão resultados sensíveis robustos.Universidade de São Paulo, FEA-RP/USP2017-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ecoa/article/view/13513810.11606/1413-8050/ea154363Economia Aplicada; Vol. 21 No. 1 (2017); 135-148Economia Aplicada; Vol. 21 Núm. 1 (2017); 135-148Economia Aplicada; v. 21 n. 1 (2017); 135-1481980-53301413-8050reponame:Economia Aplicadainstname:Universidade de São Paulo (USP)instacron:USPenghttps://www.revistas.usp.br/ecoa/article/view/135138/130958Copyright (c) 2017 Economia Aplicadainfo:eu-repo/semantics/openAccessMejia, Juan FelipeHassan, Andrés Ramírez2020-08-14T02:45:03Zoai:revistas.usp.br:article/135138Revistahttps://www.revistas.usp.br/ecoaPUBhttps://www.revistas.usp.br/ecoa/oai||revecap@usp.br1980-53301413-8050opendoar:2023-09-13T12:17:08.811675Economia Aplicada - Universidade de São Paulo (USP)false
dc.title.none.fl_str_mv Proposing a new measure of distance in the gravity setting: evidence from Latin America
Proposing a new measure of distance in the gravity setting: evidence from Latin America
title Proposing a new measure of distance in the gravity setting: evidence from Latin America
spellingShingle Proposing a new measure of distance in the gravity setting: evidence from Latin America
Proposing a new measure of distance in the gravity setting: evidence from Latin America
Mejia, Juan Felipe
Gravity Equation Model
Multiple Factor Analysis
Panel Data
Trade Distance.
Modelo equação de gravidade
Análise factorial Múltipla
Painel de dados
Distância do Comércio.
Mejia, Juan Felipe
Gravity Equation Model
Multiple Factor Analysis
Panel Data
Trade Distance.
Modelo equação de gravidade
Análise factorial Múltipla
Painel de dados
Distância do Comércio.
title_short Proposing a new measure of distance in the gravity setting: evidence from Latin America
title_full Proposing a new measure of distance in the gravity setting: evidence from Latin America
title_fullStr Proposing a new measure of distance in the gravity setting: evidence from Latin America
Proposing a new measure of distance in the gravity setting: evidence from Latin America
title_full_unstemmed Proposing a new measure of distance in the gravity setting: evidence from Latin America
Proposing a new measure of distance in the gravity setting: evidence from Latin America
title_sort Proposing a new measure of distance in the gravity setting: evidence from Latin America
author Mejia, Juan Felipe
author_facet Mejia, Juan Felipe
Mejia, Juan Felipe
Hassan, Andrés Ramírez
Hassan, Andrés Ramírez
author_role author
author2 Hassan, Andrés Ramírez
author2_role author
dc.contributor.author.fl_str_mv Mejia, Juan Felipe
Hassan, Andrés Ramírez
dc.subject.por.fl_str_mv Gravity Equation Model
Multiple Factor Analysis
Panel Data
Trade Distance.
Modelo equação de gravidade
Análise factorial Múltipla
Painel de dados
Distância do Comércio.
topic Gravity Equation Model
Multiple Factor Analysis
Panel Data
Trade Distance.
Modelo equação de gravidade
Análise factorial Múltipla
Painel de dados
Distância do Comércio.
description The gravity model is a workhorse tool that has been widely used in international trade. However, one empirical question that frequently arises is related to the conceptualization and measurement of an economic distance index. Our study proposes an index based on Multiple Factor Analysis. This technique summarizes information related to the geographical, cultural, political and economic variables that might affect international trade between countries. Estimates indicate that the signs of the load factors in the Multiple Factor Analysis are intuitively plausible, and panel data exercises give sensible robust outcomes.
publishDate 2017
dc.date.none.fl_str_mv 2017-03-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/135138
10.11606/1413-8050/ea154363
url https://www.revistas.usp.br/ecoa/article/view/135138
identifier_str_mv 10.11606/1413-8050/ea154363
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/135138/130958
dc.rights.driver.fl_str_mv Copyright (c) 2017 Economia Aplicada
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2017 Economia Aplicada
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
dc.source.none.fl_str_mv Economia Aplicada; Vol. 21 No. 1 (2017); 135-148
Economia Aplicada; Vol. 21 Núm. 1 (2017); 135-148
Economia Aplicada; v. 21 n. 1 (2017); 135-148
1980-5330
1413-8050
reponame:Economia Aplicada
instname:Universidade de São Paulo (USP)
instacron:USP
instname_str Universidade de São Paulo (USP)
instacron_str USP
institution USP
reponame_str Economia Aplicada
collection Economia Aplicada
repository.name.fl_str_mv Economia Aplicada - Universidade de São Paulo (USP)
repository.mail.fl_str_mv ||revecap@usp.br
_version_ 1822181691629764608
dc.identifier.doi.none.fl_str_mv 10.11606/1413-8050/ea154363

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