Anderson, James E.; Yotov, Yoto - 2022
for time-interval-varying depreciation-cum-adjustment. A time-varying trade elasticity in the structural gravity model is … implied. Our methods explain the "international elasticity puzzle", the discrepancy between trade elasticity estimates from … applied to the same data generates a distribution of trade elasticity estimates that vary from 0.4 in the short run to 4.8 in …