Aaltoyliopiston kauppakorkeakoulun gradujen tiedot nyt Aaltodocissa:
Aaltodocjulkaisuarkisto
Kauppakorkeakoulu  Taloustieteen laitos  Kansantaloustiede  2015
Tutkielman numero: 14149
Econometric analysis of impacts of immigration on Finnish bilateral trade flows
Tekijä:  Kekäläinen, Antti 
Otsikko:  Econometric analysis of impacts of immigration on Finnish bilateral trade flows 
Vuosi:  2015 Kieli: eng 
Laitos:  Taloustieteen laitos 
Aine:  Kansantaloustiede 
Asiasanat:  taloustieteet; economic science; kansantalous; national economy; maahanmuutto; immigration; ulkomaankauppa; foreign trade; verkostot; networks; Suomi; Finland 
Sivumäärä:  113 
Kokoteksti: 
» hse_ethesis_14149.pdf koko: 2 MB (1631113)

Avainsanat:  immigration; international trade; gravity equation; migrant networks; Finland 
Tiivistelmä: 
Objectives:
In this study the effects of immigration on Finnish bilateral import and export flows are studied using the gravity model of trade as a theoretical framework. Marginal effects of immigration on trade flows are found out by employing the traditional gravity equation partially and using data for 179 trading partners of Finland over a 17year period 19952011. In addition, channels through which immigration could affect trade are discussed in this thesis and, finally, empirical estimation models employed in the estimation of the gravity equation are compared. Theoretical background and methodology: The theoretical framework of this study relates to the literature on business and social networks. The networks can bring about, for example, informational advantages or improve contract enforcement. In addition, immigration's impacts on imports could also be characterized by immigrants' preferences for their home goods. On the other hand, vast literature on theoretical gravity equation is reviewed in the thesis too. The theory on gravity equation of trade is dealt with in detail to reflect the need for a correct theoretical equation including multilateral trade resistance. Henceforth, in some of the empirical estimations the traditional gravity equation with amendments is employed to reflect the qualities revealed by the theory. Ultimately, the estimation of the partial gravity equation in this thesis is done by using both ordinary least squares (OLS) and Poisson pseudomaximumlikelihood (PPML) methods to obtain information on an adequate estimator in the context of trade data, known to contain a large number of zeros and very likely to possess heteroskedastic error terms. Key findings: Based on the results obtained in the empirical estimations, a small positive effect of immigration on imports and exports was found using the PPML and OLS regressions. When comparing the PPML and OLS estimators, the PPML was concluded to be more adequate in the context of this partial gravity equation. All in all, no conclusions could be drawn from the channels through which immigration might have an impact on trade due to incomplete model considerations. Thus further studies on immigration's effects on trade using a complete theorybased gravity equation and, especially, more complete data should be conducted in order to be able to draw further conclusions on the impact channels of immigration on trade. 
Verkkojulkaisut ovat tekijänoikeuden alaista aineistoa.
Teokset ovat vapaasti luettavissa ja tulostettavissa henkilökohtaista
käyttöä varten.
Aineiston käyttö kaupallisiin tarkoituksiin on kielletty.