The Determinants of Vietnamese Export Flows: Static and Dynamic Panel Gravity Approaches

While the gravity model has been one of the most successful applications in empirical trade, various attempts are still made to improve its regression results. One of the recent developments in the econometric technique is to extend the gravity model to a panel data framework and take into consideration the existence of dynamic effects. In this paper, we apply these new techniques to examine the important factors which have effects on the Vietnamese export flows.