Traditional Culture Encyclopedia - Traditional virtues - Can three countries build gravity models?
Can three countries build gravity models?
I can't. When studying international trade, Kimbergen (1962) established a trade gravity model to explain the asymmetry of trade flow in a world composed of many countries, that is, the trade volume of big countries accounts for less than that of small countries. In 1980s, economists used a similar trade gravity model to explain the decision of intra-sector trade flow and direction.
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