3 datasets found

We follow recent developments of panel data studies and allow for the existence of both observed and unobserved common factors where their individual responses are allowed to be...

This paper seeks to empirically extend the gravity model, which has been widely used to analyze volumes of trade between pairs of countries. We generalize the basic threshold...

Despite the solid theoretical foundation on which the gravity model of bilateral trade is based, empirical implementation requires several assumptions which do not follow...