International Trade

ESSAYS ON INTERNATIONAL TRADE AND FOREIGN DIRECT INVESTMENT
Wanasin Sattayanuwat, Ph.D.
University of Nebraska, February 2011
advisor: Professor Craig R MacPhee
This dissertation comprises three separate essays on international bargain and foreign direct
investment. We present the gravity framework with Poisson pseudo-maximum likelihood (PPML)
estimation to investigate the proceeds of transportation be on affair, the effect of RTAs on intraand
extra-regional trade in growing RTAs and the role of institutions on FDI in AoceanN.
The second chapter is a round of the log of gravity model and econometric specification. PPML
approach utilise to the gravity model is initially suggested Silva and Tenreyro (2006). They have
shown that the log-normal gravity equality suffers from three problems: the bias created by the
logarithmic transformation, the failure of the homoscedasticity assumption, and the flair zero
values are treated. They show that the proposed PPML estimation technique beingness capable of
solve those problems.
In the first essay, we study the effect of new measures of transport performance on international
trade among 15 counties in southern and eastern Africa and on the international trade of those
countries with six other regions in the world.



The results indicate that a 10 percent reduction in
transport costs increase trade volumes by about 10 percent. We also find that coefficients for each
of sevensome transport performance do not differ significantly across years. Our results indicate that
intra-regional trade of the SEA countries has higher sensibility to distance and to transport
performance than the worldwide trade of those countries. In increase there is no indication that
the trade of landlocked SEA countries has higher sensitivity to the transport performance than the
trade of coastal SEA countries.
In our second essay, we investigate the effects of RTAs on world and regional trade patterns,
concentrating on data for the 12 RTAs...If you want to get a full essay, order it on our website: Orderessay



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