Do state visits affect research and development after crisis in selected countries?

Economic Annals-ХХI: Volume 160, Issue 7-8, Pages: 24-26

Citation information:
Kunychka, M., & Raneta, L. (2016). Do state visits affect research and development after crisis in selected countries? Economic Annals-XXI, 160(7-8), 24-26. doi: https://doi.org/10.21003/ea.V160-04

Mykhaylo Kunychka
PhD (International Economic Relations),
Faculty of International Relations,
University of Economics in Bratislava
1/b Dolnozemska cesta Str., Bratislava, 852 35, Slovak Republic
mykhaylo.kunychka@gmail.com

Leonid Raneta
PhD (International Economic Relations),
Faculty of International Relations,
University of Economics in Bratislava
1/b Dolnozemska cesta Str., Bratislava, 852 35, Slovak Republic
raneta@euba.sk

Do state visits affect research and development after crisis in selected countries?

Abstract. State visits, as a diplomatic tool, are significant to facilitate economic relations via creation of favourable political and legislative conditions. The purpose of this paper is to investigate how state visits of Ukrainian Presidents affect export flows. We have analysed 74 Ukrainian trading partners in the period of 1995-2014. To control for economic, geographical, cultural and political variables, we applied a multiple regression analysis based on the gravity model of trade. Our result shows that any kind of official visits is positively associated with export flows. The output of the conducted regression analysis varies depending on methods which are used.

Keywords: State Visits; Export; Regression Analysis; Ukraine

JEL Classification: F10; F14

DOI: https://doi.org/10.21003/ea.V160-04

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Received 10.04.2016