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We develop a simple estimation procedure for general equilibrium (GE) comparative static analysis of gravity models. Non-linear solvers of estimated models are replaced by (constrained) regressions. Applied economists can more readily generate results, with more intuition about the working of...
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real volume of activity in the parts of the economy being aggregated. Both objectives must be achieved for consistent multi …
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- political pressure deflection. Pressure deflection poses a puzzle to standard political economy models which suggest that having …
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