Issue 27/2012

The CEA states that the primary version is the paper one.

Katarzyna Śledziewska, Bartosz Witkowski

Poziom rozwoju przemysłowego a wpływ kryzysu 2009 roku na handel międzynarodowy

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The level of industrial development and the impact of the crisis on international trade in 2009

Abstract
The crisis in 2009 was characterized by significant changes in economic cooperation in the world and had the different impact depending on the level of industrial development of treding parters. The gravity model based on the panel data of country pairs observed during 1995-2010 is estimated using the Hausman-Taylor estimator to evaluate this differences. It is checked whether during highlighted years (2009 and 2010) the changes have occurred in the reaction of trade volume on traditional trade determinants depending of the level of industrial development. Evaluation of their significance allows for positive verification of the impact of the crisis on international cooperation.

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