{"id":1746,"date":"2023-02-13T16:19:19","date_gmt":"2023-02-13T16:19:19","guid":{"rendered":"https:\/\/www.fiw.ac.at\/publications\/the-euros-effect-on-trade-an-analysis-of-old-and-new-emu-members\/"},"modified":"2023-02-13T16:19:19","modified_gmt":"2023-02-13T16:19:19","slug":"the-euros-effect-on-trade-an-analysis-of-old-and-new-emu-members","status":"publish","type":"publication","link":"https:\/\/www.fiw.ac.at\/en\/publications\/the-euros-effect-on-trade-an-analysis-of-old-and-new-emu-members\/","title":{"rendered":"The Euro’s effect on trade: An analysis of \u201cold” and \u201cnew” EMU members"},"content":{"rendered":"\nThis paper provides new empirical evidence of the \u201ceuro effect\u201d on bilateral trade by allowing for a heterogeneous impact on "new" and \u201cold\u201d EMU members. By applying a Poisson estimator and focusing on a sample of 38 countries, our results show a statistically insignificant euro's effect on bilateral exports. However, disaggregating this effect, we report a relatively large euro's effect on bilateral trade for the "new" EMU countries. We also and no evidence of trade diversion, thus corroborating existing evidence. These results are robust to a number of sensitivity checks and, especially, to the use of a larger sample of countries.\n\n","protected":false},"featured_media":0,"menu_order":0,"template":"","jelcode":[1031,61,86,174,482],"keyword":[1032,143,229,1033],"class_list":["post-1746","publication","type-publication","status-publish","hentry","jelcode-c33","jelcode-f14","jelcode-f15","jelcode-f33","jelcode-f4","keyword-bilateral-exports","keyword-euro","keyword-gravity-model","keyword-poisson-estimator"],"acf":{"year":2017,"month":12,"day":"","volume":"","number":"179","pages":30,"reviewed":"0","citeid":"FIW_WP_179","fiwseries":"FIW Working Papers","event":null},"yoast_head":"\nThe Euro's effect on trade: An analysis of \u201cold" and \u201cnew" EMU members - FIW<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fiw.ac.at\/en\/publications\/the-euros-effect-on-trade-an-analysis-of-old-and-new-emu-members\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Euro's effect on trade: An analysis of \u201cold" and \u201cnew" EMU members - FIW\" \/>\n<meta property=\"og:description\" content=\"This paper provides new empirical evidence of the \u201ceuro effect\u201d on bilateral trade by allowing for a heterogeneous impact on "new" and \u201cold\u201d EMU members. By applying a Poisson estimator and focusing on a sample of 38 countries, our results show a statistically insignificant euro's effect on bilateral exports. 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