Euro’s Trade Effect: Homogeneity Versus Heterogeneity in the Euro Zone
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2019, Vol 8, Issue 6
Abstract
We used an improved gravitational equation to experiment with as many samples and relevant time intervals as possible - from the most homogeneous samples (EU 15) with shorter periods, to less homogeneous samples (EU 25/27) but with longer periods of time, in order to observe the evolution of the euro trade effect over time, along with the enlargement of the EU and the Euro Zone, thus best estimating the euro trade effect that is to be experienced by Romania when joining the Euro Zone. The result is not surprising: with the inclusion of recent EU and Euro Zone accession waves, the euro trade effect is drastically reduced, so that when Romania and Bulgaria are also introduced into the EU sample, the estimated Rose effect for the euro recorded the lowest values and loses its statistical significance completely.
Authors and Affiliations
Dumitru Miron, Paul-Gabriel Miclaus, Danusia Vamvu
Keywords
Related Articles
- EP ID EP563691
- DOI 10.6007/IJARBSS/v8-i6/4217
- Views 77
- Downloads 0
The Impact of Empowerment on the Organizational Creativity among Health Directors in the Jordanian Ministry of Health (An Empirical Study)
This study aims to know if there’s an impact on the organizational creativity among health directors in the Jordanian Ministry of Health. The Study population consists of all the Health Managers in the Ministry of Health...
Constitutional Structure of Indonesia Based on 1945 Constitution before and after Amendments
Article 1 (3) of the 1945 Constitution states that "Indonesia is a country of law." The provision of the article is a constitutional basis that Indonesia is a state based on law. Law is placed as the only rule in the lif...
Supply Chain Finance Analysis
Supply Chain Finance as an emergent and currently, one of the most viable and plausible financing procedural instruments is not a new conceptual framework. It has been widely noted and acclaimed as an essential aspect of...
Implementation of Islamic Elements as a Parameter for Credit Evaluation Process: Exploring Shariah Adviser’s Perceptions
The aim of the study is to explore the Shariah adviser’s perceptions on credit evaluation process in commercial financing activities in Islamic banks. To achieve this aim, the study conducts in-depth interviews as to ide...
Investigating the Causal Relationship between Export and Economic Growth: A Malaysian Perspective
Export is perceived to be an important factor of economic growth in numerous countries irrespective of their economic status whether they are developing or developed. Economic growth is also regarded as a determinant of...