[PDF.82ff] The Gravity Model in International Trade
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The Gravity Model in International Trade
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| #2588324 in eBooks | 2010-06-10 | 2014-03-14 | File type: PDF|||'Theoretical foundations and empirical estimation strategy of gravity models have significantly advanced over the last years. By tracing the history of this evolution and offering a rich sample of applications, this book will prove to be a very useful referenc
How do borders affect trade? Are cultural and institutional differences important for trade? Is environmental policy relevant to trade? How does one's income or wage relate to the fact that trade partners are nearby or far away? These are just some of the important questions that can be answered using the gravity model of international trade. This model predicts and explains bilateral trade flows in terms of the economic size and distance between trading partners (e.g. s...
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