- Yönetim ve Ekonomi Araştırmaları Dergisi
- Vol: 15 Issue: 1 Special Issue
- HİZMET TİCARETİNİN MAKRO VE MIKRO BELİRLEYENLERİ: İNGİLİZ FİRMALARI ÜZERİNE BİR CALIŞMA...
HİZMET TİCARETİNİN MAKRO VE MIKRO BELİRLEYENLERİ: İNGİLİZ FİRMALARI ÜZERİNE BİR CALIŞMA
Authors : Özgül Bilici
Pages : 188-211
Doi:10.11611/yead.373458
View : 5 | Download : 2
Publication Date : 2017-12-31
Article Type : Other
Abstract :96 Normal 0 21 false false false TR X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Normal Tablo"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:Calibri; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-fareast-language:EN-US;} This paper focuses on the macro and micro-level determinants of trade in services in the United Kingdom. The importance of different determinants has been investigated within the gravity framework in many studies. However, the nature of the data requires estimation approaches other than the Ordinary Least Squares (OLS). To estimate the gravity equation, besides the OLS, the Poisson Pseudo-Maximum Likelihood (PPML) and Threshold Tobit have been used. The results confirm that, among the three different estimation approaches, the PPML is the preferred model since it is able to deal with the existence of zero trade values and heteroskedaticity problem in the data. The findings based on the disaggregated level data show that the coefficients of the trade determinants change considerably, suggesting that the policies adopted according to the results of the country-level analyses do not fit all of the trading firms.Keywords : Services Trade, Trading Firms, Gravity Equation, Tobit, PPML