S-Space Graduate School of International Studies (국제대학원) Dept. of International Studies (국제학과) Theses (Master's Degree_국제학과)
Application of Gravity Model to Service Trade: A Comparison of OECD and Non-OECD Countries
중력모형을 적용한 서비스 무역 비교: OECD국가와 비OECD 국가를 중심으로
- 나지프 피흘리반
- Rhee, Yeongseop
- 국제대학원 국제학과
- Issue Date
- 서울대학교 대학원
- 학위논문 (석사)-- 서울대학교 국제대학원 : 국제학과, 2014. 8. Rhee, Yeongseop.
- Background: This study conducts an analysis to investigate the determinants of international service trade flows by utilizing the gravity model and it compares the results of the gravity analysis of OECD and non-OECD countries.
Method: Least-square regression method is utilized to conduct this research. Data collected from UN Service Trade, the World Bank, CEPII, and World Trade Organization are combined and used. Service trade value is used as dependent variable. GDP, per capita GDP, population, distance, contiguous, RTA, language, and colony are used as independent variables.
Results: Gravity model works for service trade with a higher explanatory power for OECD service trade. Independent variables have larger effects on non-OECD service trade.
Conclusions: Service trade of non-OECD countries is much more sensitive to the distance and to the changes in economic size and individual income. RTA and language, too, have larger impact on service trade of non-OECD countries.