The gravity model in international trade : advances and applications / edited by Peter A.G. van Bergeijk and Steven Brakman.
Material type:
- text
- computer
- online resource
- 9780511762109 (ebook)
- 382.015195 22
- HF1379 .G73 2010
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Introduction : the comeback of the gravity model / P.A.G. van Bergeijk and S. Brakman -- A general equilibrium theory for estimating gravity equations of bilateral FDI, final goods trade, and intermediate trade flows / J.H. Bergstrand and P. Egger -- The incidence of gravity / J.E. Anderson -- Approximating general equilibrium impacts of trade liberalizations using the gravity equation : applications to NAFTA and the European Economic Area / S.L. Baier and J.H. Bergstrand -- An extended gravity model with substitution applied to international trade / J.A. Bikker -- Illusory border effects : distance mismeasurement inflates estimates of home bias in trade / K. Head and T. Mayer -- Trade costs, market access, and economic geography : why the empirical specification of trade costs matters / E.M. Bosker and H. Garretsen -- Intangible barriers to international trade : a sectoral approach / L.J. Möhlmann [and others] -- International environmental arrangements and international commerce / A.K. Rose and M.M. Spiegel -- Diplomatic relations and trade reorientation in transition countries / E.R. Afman and M. Maurel -- Economic and financial integration and the rise of cross-border M & As / S. Brakman [and others] -- The impact of economic geography on GDP per capita in OECD countries / H. Boulhol and A. de Serres.
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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