EU Country and EFTA Country Export Differences
Abstract
:1. Introduction
2. Literature
3. Model Setup
4. Estimation Results
5. Summary and Conclusions
Author Contributions
Funding
Data Availability Statement
Conflicts of Interest
References
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UK_Exportsi,t | Exports of UK United Kingdom (i), over time (t). Exports is presented in US Dollar, USD. Obtained from the OECD (2018), on the webpage stats.oecd.org |
ICE_Exportsi,t | Exports of Iceland (i), over time (t). Exports is presented in US Dollar, USD. Obtained from the OECD (2018), on the webpage stats.oecd.org |
UK_GDPi,t | Gross Domestic Product GDP over time (t) of the United Kingdom UK (i). Reported in US Dollars, current prices. Millions. Obtained from the OECD (2018), on the webpage stats.oecd.org |
ICE_GDPi,t | Gross Domestic Product GDP Iceland (i) over time (t). Reported in US Dollars, current prices. Millions. Obtained from the OECD (2018), on the webpage stats.oecd.org |
OTH_GDPi,t | Gross Domestic Product GDP of various OECD countries running over (j) over time (t), receiving exports from Iceland. Reported in US Dollars, current prices. Millions. Obtained from the OECD (2018), on the webpage stats.oecd.org |
UK_POPi,t | Population. All ages. All persons. Annual. Obtained from the OECD (2018), on the webpage stats.oecd.org Running for the UK (i) over time (t). |
ICE_POPi,t | Population. All ages. All persons. Annual. Obtained from the OECD (2018), on the webpage stats.oecd.org Running for Iceland (i) over time (t). |
OTH_POPi,t | Population. All ages. All persons. Annual. Obtained from the OECD (2018), on the webpage stats.oecd.org Running for various OECD countries (i) over time (t). |
UK_DISij | UK distance is the distance from the UK (i) to other (j) countries. Measured as distance in km from United Kingdom capital city, London, to other capital cities of countries, except for that in the case of the US, New York is applied rather than Washington DC (Distance Calculator 2018). |
ICE_DISij | ICE distance is the distance from Iceland (i) to other (j) countries. Measured as distance in km from Iceland capital city, Reykjavik, to other capital cities of countries, except for that in the case of the US, New York is applied rather than Washington DC (Distance Calculator 2018). |
Variable | Obs | Mean | Std. Dev. | Min | Max |
---|---|---|---|---|---|
UK_Exportsi,t | 729 | 8.54 × 108 | 1.21 × 109 | 0 | 7.96 × 109 |
ICE_Exportsi,t | 663 | 7,164,404 | 1.10 × 107 | 8000 | 7.15 × 107 |
UK_GDPi,t | 816 | 1,678,055 | 499,172.5 | 957,829.4 | 2,393,178 |
ICE_GDPi,t | 816 | 8907.332 | 2675.094 | 5296.779 | 13,130.36 |
OTH_GDPi,t | 804 | 909,283.9 | 1,965,752 | 5296.779 | 1.62 × 107 |
UK_POPi,t | 816 | 5.92 × 107 | 1,640,366 | 5.71 × 107 | 6.29 × 107 |
ICE_POPi,t | 782 | 284,236.2 | 21,770.73 | 252,746 | 319,355 |
OTH_POPi,t | 814 | 3.41 × 107 | 5.34 × 107 | 252,746 | 3.14× 108 |
UK_DISij | 816 | 3510.5 | 4633.357 | 0 | 18,800 |
ICE_DISij | 792 | 4258.364 | 3913.378 | 0 | 16,774 |
Robust | ||||||
---|---|---|---|---|---|---|
lnUKexp | Coef. | Std. Err. | t | P > |t| | [95% Conf. Interval] | |
lnUKgdp | −0.462 | 0.192 | −2.40 | 0.017 ** | −0.8408 | −0.0844 |
lnUKpop | −1.975 | 2.016 | −0.98 | 0.328 | −5.934 | 1.984 |
lnOTHgdp | 1.922 | 0.0796 | 24.15 | 0.000 * | 1.766 | 2.079 |
lnOTHpop | −1.137 | 0.0862 | −13.19 | 0.000 * | −1.307 | −0.968 |
lnDISuk | −0.521 | 0.0211 | −24.69 | 0.000 * | −0.5633 | −0.4804 |
_cons | 59.854 | 33.733 | 1.77 | 0.076 | −6.377 | 126.086 |
R-squared | =0.786 |
Robust | ||||||
---|---|---|---|---|---|---|
lnUKexp | Coef. | Std. Err. | t | P > |t| | [95% Conf. Interval] | |
lnUKgdp | 2.462 | 0.932 | 2.64 | 0.008 * | 0.631 | 4.292 |
lnUKpop | −11.683 | 3.698 | −3.16 | 0.002 * | −18.945 | −4.420 |
lnOTHgdp | 2.126 | 0.115 | 18.46 | 0.000 * | 1.900 | 2.353 |
lnOTHpop | −1.277 | 0.120 | −10.62 | 0.000 * | −1.514 | −1.041 |
lnDISice | −1.793 | 0.0633 | −28.32 | 0.000 * | −1.918 | −1.669 |
_cons | 147.335 | 38.047 | 3.87 | 0.000 * | 72.617 | 222.052 |
R-squared | =0.7095 |
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Óskarsson, G.K.; Kristjánsdóttir, H. EU Country and EFTA Country Export Differences. J. Risk Financial Manag. 2021, 14, 147. https://doi.org/10.3390/jrfm14040147
Óskarsson GK, Kristjánsdóttir H. EU Country and EFTA Country Export Differences. Journal of Risk and Financial Management. 2021; 14(4):147. https://doi.org/10.3390/jrfm14040147
Chicago/Turabian StyleÓskarsson, Guðmundur Kristján, and Helga Kristjánsdóttir. 2021. "EU Country and EFTA Country Export Differences" Journal of Risk and Financial Management 14, no. 4: 147. https://doi.org/10.3390/jrfm14040147