Στα πλαίσια του Π.Μ.Σ “Εφαρμοσμένη Οικονομική & Ανάλυση Δεδομένων” του Τμήματος Οικονομικών Επιστημών θα πραγματοποιηθεί διάλεξη την Παρασκευή 11/06/2021 και ώρα 17.00 με θέμα “A Domino Theory of Regionalism Revisited: The Role of Homogeneity/Heterogeneity in Institutions” από τον καθηγητή Δρ. Thanasis Stengos (University of Guelph, Canada)
This paper proposes that country-pairs sharing homogeneity in domestic institutions tend to sign preferential trade agreements (PTAs) interdependently, and such an interdependence effect decreases with institutional differential. Using spatial econometrics, we use democracy and economic freedom as fundamental components of the formulation of the spatial weight matrix. The baseline results support our hypothesis from both the panel data over 1996 to 2017 through a probit model and the cross-sectional data through a spatial autoregressive probit model. We also employ a compound spatial weight matrix to account for the institutional differential and geographical vicinity simultaneously, the results of which confirm the role of domestic institutions in the evolution of PTAs. In addition, the findings are also robust to the correction of potential endogeneity in the spatial weight matrix and we provide not only novel evidence for the spatial effect of institutional differential on the domino-like spread of PTAs, but also some insights on the relationship between regionalism and multilateralism.
Λίγα λόγια για τον ομιλητή:
Thanasis Stengos joined the Department of Economics at the University of Guelph in 1984. He received a B.Sc. in Economics from the London School of Economics (1979), an M.Sc. from the London School of Economics (1980) and Ph.D. from Queen’s University (1984). His main teaching area is econometrics. His research interests are in nonparametric methods. His research has been published in journals including the Review of Economic Studies, European Economic Review, International Economic Review, Economic Journal, Journal of Monetary Economics, Journal of Econometrics, The Review of Economic and Statistics, Journal of Applied Econometrics, Journal of Business and Economic Statistics and Journal of Economic Growth.