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Explain the border puzzle of McCallum. In particular, describe the data, empirical model and main result. Explain how Anderson and Van Wincoop derive a more

Explain the border puzzle of McCallum. In particular, describe the data, empirical model and main result. Explain how Anderson and Van Wincoop derive a more convinient gravity equation. Statue the gravity equation derived by the authors and explain why it may help to solve the McCallum puzzle

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