Question
Which of the following is(are) correct regarding gravity model? I.) The gravity model states that the volume of trade between 2 countries is positively related
Which of the following is(are) correct regarding gravity model?
I.) The gravity model states that the volume of trade between 2 countries is positively related to the distance between the 2 countries.
II.)The gravity model states that the volume of trade between 2 countries is positively related to the populations of the 2 countries.
A .I only
B. II only
C. Both I and II
D. Neither I nor II
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Econometric Analysis
Authors: William H. Greene
7th edition
131395386, 131395381, 978-0131395381
