TY  - JOUR
AU  - Rose,Andrew
TI  - A Meta-Analysis of the Effect of Common Currencies on International Trade
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 10373
PY  - 2004
Y2  - March 2004
UR  - http://www.nber.org/papers/w10373
L1  - http://www.nber.org/papers/w10373.pdf
N1  - Author contact info:
Andrew K. Rose
Haas School of Business Administration
University of California, Berkeley
Berkeley, CA 94720-1900
Tel: 510/642-6609
Fax: 510/642-4700
E-Mail: arose@haas.berkeley.edu
AB  - Thirty-four recent studies have investigated the effect of currency union on trade, resulting in 754 point estimates of the effect. This paper is a quantitative attempt to summarize the current state of debate; meta-analysis is used to combine the disparate estimates. The chief findings are that: a) the hypothesis that there is no effect of currency union on trade can be rejected at standard significance levels; b) the combined estimate implies that a bilateral currency union increase trade by between 30% and 90%; and c) the estimates are heterogeneous and not consistently tied to most features of the studies.
ER  -