Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/31054
Title: How important is the European economic and monetary union in the foreign trade with the EU-27 countries? Empirical evidence from Spain
Authors: Martinez-Campillo, Almudena
Sierra-Fernandez, Madel Pilar
Keywords: Monetary unions -- European Union countries
Eurozone -- Economic conditions
European Union countries -- Foreign economic relations -- Spain
International economic integration
Issue Date: 2012
Publisher: University of Piraeus. International Strategic Management Association
Citation: Martinez-Campillo, A., & Sierra-Fernandez, M. P. (2012). How important is the European economic and monetary union in the foreign trade with the EU-27 countries? Empirical evidence from Spain. European Research Studies Journal, 15(2), 57-80.
Abstract: This paper analyzes the effect of the European Economic and Monetary Union on export flows from a Spanish region (Castilla y Leon) to the EU-27 countries during the last years Applying static panel data estimation technique, this study finds that exporter and importer incomes, exporter population, distance, and a common land border are the main explanatory factors of exports from this Spanish region. Moreover, the EU membership of the importer country only caused positive and significant effects between 1994 and 1996, whereas the EMU membership reduced export flows from Castilla y Leon to the European countries during the whole period.
URI: https://www.um.edu.mt/library/oar//handle/123456789/31054
Appears in Collections:European Research Studies Journal, Volume 15, Issue 2

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