{"id":2051,"date":"2020-03-05T06:23:03","date_gmt":"2020-03-05T06:23:03","guid":{"rendered":"https:\/\/bschool.nus.edu.sg\/dean\/?p=2051"},"modified":"2020-03-05T06:23:03","modified_gmt":"2020-03-05T06:23:03","slug":"documentation-for-currency-unions-and-international-integration","status":"publish","type":"post","link":"https:\/\/bschool.nus.edu.sg\/dean\/2020\/03\/05\/documentation-for-currency-unions-and-international-integration\/","title":{"rendered":"Documentation for \u201cCurrency Unions and International Integration\u201d"},"content":{"rendered":"<p style=\"font-weight: 400\">By Andrew K. Rose and Charles Engel<\/p>\n<p style=\"font-weight: 400\">We use two data sets: one multilateral (\u201cdata12\u201d is provided) and one bilateral (\u201cdat9511\u201d is provided).\u00a0\u00a0Earlier variants (e.g., data9 or dat954) have fewer data than later versions; they are sometimes used in programs and can be traced by looking at the output of the programs that add data (e.g., dat951).<\/p>\n<p style=\"font-weight: 400\"><strong>Multilateral Data Set<\/strong>\u00a0(data12)<\/p>\n<p style=\"font-weight: 400\">This data set consists of annual observations for 210 \u201ccountries\u201d between 1960 and 1996 extracted from the 1998 World Bank\u00a0<em>World Development Indicators<\/em>\u00a0(WDI) CD-ROM.\u00a0\u00a0It is described in more detail in the paper.<\/p>\n<p style=\"font-weight: 400\"><strong>Bilateral Data Set<\/strong>\u00a0(dat9511)<\/p>\n<p style=\"font-weight: 400\">This data set consists essentially of 1995 observations from the WTDB, a consistent recompilation of United Nations trade data discussed in Feenstra, Lipsey and Bowen (1997).\u00a0\u00a0Over 150 countries, dependencies, territories, overseas departments, colonies, and so forth (referred to simply as \u201ccountries\u201d below) for which the United Nations Statistical Office collects international trade data are included in the data set.\u00a0\u00a0Country\u00a0location (used to calculate Great Circle distance) is taken from the CIA\u2019s web site (http:\/\/www.odci.gov\/cia\/publications\/factbook\/index.html)\u00a0which also provides observation for a number of other control variables.\u00a0\u00a0These include geographic variables, such as: land contiguity dummy (one if the two countries share a land border, zero otherwise), common language (one for countries with a common language), landlocked and island status, land mass and colonial status.\u00a0\u00a0We used the WTO\u2019s website (http:\/\/www.wto.org\/wto\/develop\/webrtas.htm) for information on membership in regional trade agreements.\u00a0\u00a0Real GDP and population are taken from the 1998 World Bank\u00a0<em>World Development Indicators\u00a0<\/em>CD-ROM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Andrew K. Rose and Charles Engel We use two data sets: one multilateral (\u201cdata12\u201d is provided) and one bilateral (\u201cdat9511\u201d is provided).\u00a0\u00a0Earlier variants (e.g., data9 or dat954) have fewer data than later versions; they are sometimes used in programs and can be traced by looking at the output of the programs that add data [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2051","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.0 (Yoast SEO v21.8.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Documentation for \u201cCurrency Unions and International Integration\u201d - Dean<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bschool.nus.edu.sg\/dean\/2020\/03\/05\/documentation-for-currency-unions-and-international-integration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Documentation for \u201cCurrency Unions and International Integration\u201d\" \/>\n<meta property=\"og:description\" content=\"By Andrew K. 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