Question
The gravity equation: X od =GDP o GDP d /distance od When studying exports of all goods and services, what is X od ? Why
The gravity equation:
Xod=GDPoGDPd/distanceod
When studying exports of all goods and services, what is Xod? Why are GDPo and GDPd included in the equation? What value of is estimated when using trade data?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
