Journal
OPEN ECONOMIES REVIEW
Volume 28, Issue 1, Pages 1-18Publisher
SPRINGER
DOI: 10.1007/s11079-016-9420-1
Keywords
Gravity; Exports; Span; Country; Meta; Common; Currency; Monetary; Union; Panel
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Larger data sets, with more countries and a longer span of time, exhibit systematically larger effects of European monetary union on trade. I establish this stylized fact with meta-analysis and confirm it by estimating a plain-vanilla gravity model. I then explain this finding by examining systematic biases in multilateral resistance to trade manifest in time-varying country fixed effects; bias grows as the sample is truncated by dropping small poor countries.
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