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A meta-analysis of economic diplomacy and its effect on international economic flows

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  • Moons, S.J.V.
  • van Bergeijk, P.A.G.

Abstract

This meta-analysis deals with 29 empirical studies on the trade and investment impact of economic diplomacy (embassies, consulates and other diplomatic facilities, investment and export promotion offices, trade and state visits). The meta-regression results suggest that the significance of the coefficient of economic diplomacy is more pronounced when studies use embassies as an explanatory variable as compared to studies using consulates, trade missions, state visits and export promotion agencies. If the primary dependant variable under investigation is exports one may also expect to find more significant coefficients then in an otherwise similar regression explaining the relation between economic diplomacy and imports, total trade or foreign direct investment. Furthermore empirical design factors play a role in the reported results of the studies we reviewed. Studies based on a single country will in general show lower significance.

Suggested Citation

  • Moons, S.J.V. & van Bergeijk, P.A.G., 2013. "A meta-analysis of economic diplomacy and its effect on international economic flows," ISS Working Papers - General Series 50074, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    • Handle: RePEc:ems:euriss:50074
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    Cited by:

    1. van Bergeijk, P.A.G. & Lazzaroni, S., 2013. "Macroeconomics of natural disasters," ISS Working Papers - General Series 50075, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    2. Lazzaroni, Sara & van Bergeijk, Peter A.G., 2014. "Natural disasters' impact, factors of resilience and development: A meta-analysis of the macroeconomic literature," Ecological Economics, Elsevier, vol. 107(C), pages 333-346.
    3. Peter A. G. van Bergeijk, 2015. "Visible and invisible walls: World trade patterns and the end of the Cold War," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 65(2), pages 231-247, June.
    4. repec:wly:econjl:v::y:2017:i:605:p:f236-f265 is not listed on IDEAS
    5. Andrea Elteto & Katalin Antaloczy, 2016. "Post-crisis foreign trade trends and policies on the periphery of the European Union - comparison of the Iberian, Baltic and Central European region," IWE Working Papers 224, Institute for World Economics - Centre for Economic and Regional Studies.
    6. Éltető Andrea & Antalóczy Katalin, 2017. "Export Promotion Aims and Reality: A Comparison of the Iberian, Baltic and Central European Region," TalTech Journal of European Studies, Sciendo, vol. 7(1), pages 43-63, June.
    7. Jeremiás Máté Balogh & Nuno Carlos Leitão, 2019. "A gravity approach of agricultural trade: The nexus of the EU and African, Caribbean and Pacific countries," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(11), pages 509-519.
    8. John P. A. Ioannidis & T. D. Stanley & Hristos Doucouliagos, 2017. "The Power of Bias in Economics Research," Economic Journal, Royal Economic Society, vol. 127(605), pages 236-265, October.

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    Keywords

    Meta-analysis; economic diplomacy; international flows; trade; FDI;
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