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Gravitační model zahraničního obchodu s alkoholickými nápoji ve vybraných zemích EU / Gravity Model of International Trade in Alcoholic Beverages in Selected EU CountriesPecka, Marek January 2014 (has links)
Panel data analysis is the modern approach of statistical and econometric modeling. The aim of the thesis is to estimate the gravity model of international trade in alcoholic beverages in the form of bilateral trade flow depending on the gross domestic product and other associated variables that facilitate trading. The data have a panel structure. Based on the results of panel unit root tests the stationarity of variables in the panel and the expected long-term relationship between the analyzed variables are tested. Gravity model is assuming the existence of long-term relationships built through various methods, such as pooling OLS estimate, fixed and random effects models, cointegrated regression DOLS and FMOLS. Cointegration relationship is verified by Pedroni panel test.
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