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Paper Information

Journal:   INTERNATIONAL ECONOMICS STUDIES (RESEARCH BULLETIN OF ISFAHAN UNIVERSITY (HUMANITIES))   2015 , Volume 45 , Number 2; Page(s) 33 To 42.
 
Paper: 

EFFECTS OF BUSINESS CYCLES ON BILATERAL TRADE FLOWS IN EUROZONE COUNTRIES

 
 
Author(s):  TAYEBI SEYED KOMAIL, ZAMANI ZAHRA*, EBRAHIMI BEHNAM
 
* UNIVERSITY OF ISFAHAN, ISFAHAN, IRAN
 
Abstract: 

In economic theory, various determinants are considered to explore their effects on trade patterns.
Accordingly, business cycles indicate turbulences in economic activities. Business cycles and their fluctuations cause a change in demand for goods and services from the other country then it can affect trade flows. In this study, by using a gravity model, we study the effects of business cycles on bilateral trade flows within Eurozone countries. In this regard, the challenge is that the countries in the region may be faced whit changes in their trade relation in directions whether parametric or non-parametric manners.
To be evident, we have used we have used data from six Eurozone countries, namely Germany, France, Italy, Spain, Portugal and Greece for the period of 1995-2013, and then estimate the model with a semiparametric panel data approach. The empirical results have shown that business cycles explain trade relations non-parametrically in the region. The results imply a transparent unique exchange policy toward their mutual trade flows to avoid outliers in their economic relations.

 
Keyword(s): BUSINESS CYCLE, BILATERAL TRADE FLOWS, GRAVITY MODEL, SEMI-PARAMETRIC ESTIMATION, EUROZONE COUNTRIES
 
 
References: 
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Citations: 
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APA: Copy

TAYEBI, S., & ZAMANI, Z., & EBRAHIMI, B. (2015). EFFECTS OF BUSINESS CYCLES ON BILATERAL TRADE FLOWS IN EUROZONE COUNTRIES. INTERNATIONAL ECONOMICS STUDIES (RESEARCH BULLETIN OF ISFAHAN UNIVERSITY (HUMANITIES)), 45(2), 33-42. https://www.sid.ir/en/journal/ViewPaper.aspx?id=571441



Vancouver: Copy

TAYEBI SEYED KOMAIL, ZAMANI ZAHRA, EBRAHIMI BEHNAM. EFFECTS OF BUSINESS CYCLES ON BILATERAL TRADE FLOWS IN EUROZONE COUNTRIES. INTERNATIONAL ECONOMICS STUDIES (RESEARCH BULLETIN OF ISFAHAN UNIVERSITY (HUMANITIES)). 2015 [cited 2021July31];45(2):33-42. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=571441



IEEE: Copy

TAYEBI, S., ZAMANI, Z., EBRAHIMI, B., 2015. EFFECTS OF BUSINESS CYCLES ON BILATERAL TRADE FLOWS IN EUROZONE COUNTRIES. INTERNATIONAL ECONOMICS STUDIES (RESEARCH BULLETIN OF ISFAHAN UNIVERSITY (HUMANITIES)), [online] 45(2), pp.33-42. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=571441.



 
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