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In Collaboration with Despot: Analysing the Impact of Sanctions on Russia and the Eurasian Economic Union
Chaloupka, David ; Semerák, Vilém (advisor) ; Teichman, Jiří (referee)
This bachelor's thesis is focused on investigating the Eurasian Economic Union, which was formed in 2015 to deepen economic integration in the post-Soviet region. The research aims to analyse the impact of sanctions on Russia and its partners within the Eurasian Economic Union to identify if Russia is circum- venting sanctions through these states before the war in Ukraine in 2022. For the analysis, I use gravity equations and trade fow data aggregated on product level. Based on the fndings, I reveal that the sanctions imposed on Russia have negatively impacted trade with partner states, with average reductions of over 27%. Additionally, on one hand, the Eurasian Economic Union experienced a trade creation and trade diversion efect, but on the other hand, the imposition of sanctions after 2014 resulted in negative impacts on trade between member states and with third states.
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Euro and the Effect on Bilateral Trade: Gravity Model Analysis
Gabaš, Ondřej ; Semerák, Vilém (advisor) ; Paulus, Michal (referee)
Euro and the Effect on Bilateral Trade: Gravity Model Analysis Ondřej Gabaš The purpose of this thesis is to estimate the impact of common Euro- pean currency on bilateral trade. Using data from 1993 to 2015, we employ structural Gravity model of trade on the sample of 19 European Monetary Union members and 25 developed countries. In our analysis, we use two different methods to account for the endogeneity, country-pair fixed-effects and Baier and Bergstrands (2009) specification of the Gravity model esti- mated by OLS. In order to examine the effect of missing observations, we employ Poisson Pseudo-Maximum-Likelihood estimator. Last, we focus on the adoption of the Euro as a reason behind the effect of trade diversion. The results of all three models show that the creation of the EMU had sta- tistically insignificant effect limiting to zero. In the case of fixed-effects and OLS, the estimated effect is negative, while in the case of the PPML, we found a positive impact. In addition, the results of our analysis show that the adoption of the Euro did not cause a trade diversion. 1
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The Elasticity of Trade with Respect to Trade Costs: A Meta-Analysis
Tlustá, Anna ; Havránek, Tomáš (advisor) ; Baxa, Jaromír (referee)
The goal of this thesis is to present a meta-analysis of studies that are focused on the relation between the international trade flow and the trade costs. The effect of trade costshasbecomeoneofthekeyelementstoresolvethesixmajor puzzles in the bilateral trade flow. I examine 1,090 estimates of the trade cost effect reported in 58 studies, codify 51 aspects of study design that may influencetheestimates.Iuse meta-regression analysis to investigate why trade costs effects vary. The results suggest that different methods and mainly data characteristics systematically affect the estimated trade costs effects. I find evidence for publication selection bias by using the appropriate tests. The authors of primary studies tend to report preferentially large estimates of the elasticity of trade with respect to trade costs. The evidence for publication selection bias is stronger for studies reported in peer-reviewed journals thanfor unpublished studies.
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The Effect of Distance on International Trade: A Meta-Analysis
Tlustá, Anna ; Havránek, Tomáš (advisor) ; Zeynalov, Ayaz (referee)
Over the time the effect of distance has became an essential component for understanding international trade flows. The main goal of my bachelor thesis is to collect specific data from each study concerning the distance effect and design meta-analysis based on this dataset. I build my work on the data published by Anne-Celia Disdier and Keith Head (The puzzling persistence of the distance effect on bilateral trade) that were relevant in 2006. I examine 1470 estimates reported in 130 studies. Since the previous meta-analysis does not include all required methods to reveal the publication bias, I focus mainly on this issue by incorporating all the appropriate tests. Finally, I disprove the argument that distance effects on bilateral trade decline over time and I explain the presence of heterogeneity among the estimates. 1
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