Work detail

Meta-Analysis in Economics: Application to Measuring the Euro's Trade Effect

Author: Bc. Petr Polák
Year: 2011 - summer
Leaders: prof. PhDr. Tomáš Havránek Ph.D.
Work type: Bachelors
Language: Czech
Pages: 58
Awards and prizes: B.A. with distinction from the Dean of the Faculty of Social Sciences for an extraordinarily good bachelors diploma thesis.
Abstract: Meta-analysis is a very strong and effective tool designed for the synthesis of results of
empirical research. It provides a possibility to make reliable conclusions and offers more
systematic and unbiased view at empirical studies than do narrative reviews. This thesis
begins with description of meta-analysis from the theoretical point of view and, therefore,
is the first Czech-written methodology of modern meta-analysis suitable for economics.
This part is followed by an applied meta-analysis that investigates the euro effect on common
trade exchange, and the analysis is focused on publication bias and the use of the
multilevel random effects model. The empirical part is based on 2580 estimates gathered
from 33 studies that investigate the relationship between euro and trade volume. The
meta-analysis reveals the presence of publication bias, confirms the economic research
cycle hypothesis and estimates, according to the available literature, that the true Rose
effect lies probably between 2 and 6 percent.
Downloadable: Bachelor Thesis of Polák


Česká Spořitelna


Patria Finance