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Gravity with Gravitas: A Solution to the Border Puzzle

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NBER2001-01-01 更新2025-01-04 收录
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The gravity model has been widely used to infer substantial trade flow effects of institutions such as customs unions and exchange rate mechanisms. McCallum [1995] found that the US-Canada border led to trade between provinces that is a factor 22 (2,200%) times trade between states and provinces, a

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2001-01-01
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