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Books > Business & Economics > Economics > International economics > International trade
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The Gravity Model in International Trade - Advances and Applications (Paperback)
Loot Price: R1,387
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The Gravity Model in International Trade - Advances and Applications (Paperback)
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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. states, regions, countries, trading blocs).
In recent years, there has been a surge of interest in this model
and it is now one of the most widely applied tools in applied
international economics. This book traces the history of the
gravity model and takes stock of recent methodological and
theoretical advances, including new approximations for multilateral
trade resistance, insightful analyses of the measurement of
economic distance and analyses of foreign direct investment.
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