Estimating Gravity from the Short to the Long Run: A Simple Solution to the 'International Elasticity Puzzle'
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We propose a simple and flexible reduced-form econometric approach to estimate gravity models in the short and the long run. The theoretical lens for interpreting our methods amends the canonical Lucas-Prescott adjustment formulation to allow for time-interval-varying depreciation-cum-adjustment. A
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美国国家经济研究局创建时间：
2023-01-01
