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    Author(s): Joseph Buongiorno
    Date: 2015
    Source: Académie d’Agriculture de France,
    Publication Series: Scientific Journal (JRNL)
    Station: Southern Research Station
    PDF: View PDF  (67.36 KB)


    The objective of this study was to determine the effect of the monetary union on the trade of forest products between euro-using countries. A differential gravity model of bilateral trade flows was developed and estimated with data for the bilateral trade between 12 euro countries from 1988 to 2013, for commodity groups HS44 (wood and articles of wood), HS47 (pulp of wood, fibrous cellulosic material, waste, etc…), HS48 (paper and paperboard), and their sum. The results showed a positive or neutral effect of the euro on trade, for all products and countries, with three estimation methods. According to the most general result, the introduction of the euro had increased the average annual rate of growth of the bilateral trade of forest products by 7±1% from 2002 to 2013. As a result, exports from the 12 countries were 33% higher in 2013 than they would have been without the monetary union.

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    Buongiorno, Joseph 2015. Quel effet de l’euro sur le commerce europeen des produits forestiers? Académie d’Agriculture de France, Notes Académiques. 7 pages. Available at:

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