A 'new version' gravity model is used to estimate the effect of de facto exchange rate regimes, as classified by Reinhart and Rogoff (2004), on bilateral trade. The results indicate that, while participation in a common currency union is typically strongly 'protrade' - as first suggested by Rose...

We verify the impact of the so-called deep determinants on the level of economic real GDP per capita for an unbalanced panel of 207 economies within the period 1996-2004 using the Hausman-Taylor method of estimation. Institutional variables are detected to be endogenous. The results confirmed...

Middle East and North African (MENA) countries have traditionally anchored their currencies largely on the US dollar, but the creation of the euro means that there is now for the first time a real alternative numéraire and anchor available. This paper estimates the effect of a menu of exchange...

Na bazie niezbilansowanego panelu danych dla okresu 1996 – 2004 oraz 207 panstw i terytoriow dokonano oceny znaczenia glebokich determinant wzrostu w determinowaniu poziomu rozwoju gospodarczego. W odroznieniu od dotychczasowej analizy empirycznej przedmiotu wykorzystano panelowe modele...