Impacto del proceso de integración europea sobre las exportaciones de Castilla y León (1993-2007): un análisis econométrico a partir de la ecuación de gravedad

The aim of this work is to develop an econometric framework to determine the impact of the European integration process on the exports from Castilla y León during the period 1993-2007. This framework is based on the estimation of a gravity equation, which has proved a very useful tool in modelling bilateral currents of trade. After applying panel data analysis, results indicate that incomes of the importing country and Castilla y León, as well as the bilateral distance, are the main explanatory factors of export flows from this Spanish region. Regarding the different events associated to the European integration process, results suggest that the UE and UME membership of the importing country has not had a significant favorable impact on exports from Castilla y León