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The Gravity Equation in International Trade: An Explanation

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NBER2013-08-01 更新2025-01-04 收录
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The gravity equation in international trade is one of the most robust empirical finding in economics: bilateral trade between two countries is proportional to size, measured by GDP, and inversely proportional to the geographic distance between them. While the role of size is well understood, the

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2013-08-01
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