Topics in International Trade
Part Three: Econometric Specification
Why This Specification?
1. Time Trends
2. Importer/Exporter Fixed Effects Accounted For
3. Singapore/New Zealand Bilateral Trade and FTA Controlled For
4. Bilateral FTAs affect export and import behavior via price and income elasticities of export/import demand
5. Counter-factual states: How would trade between Singapore and Japan progressed in the absence on the JSEPA? Controls for GATT/WTO membership are included.
The Agreement between Japan and the Republic of Singapore for a New-Age Economic Partnership Agreement (JSEPA)