The benefits provided by ecosystem services, such as crop pollination and water purification, are of great importance to any economy, both directly and indirectly. Therefore, nature-inclusive decision-making requires that such benefits are taken into account in the economic decision-making...

The goal of this article is to investigate the impact of Poland's free trade agreements on its trade in the period of 1992-2004 using the gravity model. The empirical analysis of the determinants of bilateral trade flows reveals that most Poland's free trade agreements significantly contributed...

This paper addresses the lack of connection between theory and empirics in most export diversification–economic development studies. We provide a Ricardian-based theoretical explanation of countries' relative export variety as a function of the level of technology and country size assessed...

This article investigates the relationship between relative factor endowments and intraindustry trade shares in bilateral trade flows. While Helpman and Krugman's theoretical framework predicts a negative relationship, empirical studies often report contrary results. We, however, argue that...

In this paper we estimate the trade effects of the euro adoption in Central European countries using a modified gravity model. In particular, we analyze the ex post implications of accession of Slovenia and Slovakia to the Eurozone. We employ a gravity model that controls for an extended set of...

There are many studies aiming at estimation of aggregate trade effects of the euro adoption by the old EU countries, which are based on the gravity model. In contrast to the existing literature we investigate whether the adoption of the common currency increases the export activity of individual...