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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Introduction To Business Law
Authors: Jeff Rey F. Beatty, Susan S. Samuelson
3rd Edition
978-0324826999, 0324826990
