Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the gravity value for trade between US and other countries. For this purpose, you can pick your favorite product from the list (there is

Calculate the gravity value for trade between US and other countries. For this purpose, you can pick your favorite product from the list (there is plenty if you look up HS-4). If you do not have a favorite product, you can use HS-DDMM for the purpose, where DD stands for the date of your birth and MM stands for the month. Download the import and export data by county in an excel spreadsheet for 2018. Find the distance between each country and using formulas in excel spreadsheet, calculate the gravity value. For simplicity, assume n=1. Plot the value of trade (Y axis) against the gravity value (X-axis). What pattern do you observe? Explain the implication of such pattern.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Authors: Michael Parkin

10th Edition

013485330X, 978-0134853307

More Books

Students also viewed these Economics questions

Question

Define the term finite element?

Answered: 1 week ago

Question

1. Too understand personal motivation.

Answered: 1 week ago