Gopinath, Gita; Gourinchas, Pierre-Olivier; Hsieh, Chang-Tai - 2009
circular
world model while section 5 discusses the regression discontinuity design and the estimates of
border costs across … rest of the paper for reasons discussed below.
11
4 Circular world
We present a stylized model that endogenizes the … of this circular world.
4.1 Stores
There are N
AB
= N
A
+ N
B
retail stores located at exogenous equidistant intervals …