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Conventional studies of bilateral trade patterns specify a log-normal gravity equation for empirical estimation. However, the log-normal gravity equation suffers from three problems: the bias created by the logarithmic transformation, the failure of the homoscedasticity assumption, and the way...
Persistent link: https://www.econbiz.de/10010730917
Conventional studies of bilateral trade patterns specify a log-normal gravity equation for empirical estimation. However, the log-normal gravity equation suffers from three problems: the bias created by the logarithmic transformation, the failure of the homoscedasticity assumption, and the way...
Persistent link: https://www.econbiz.de/10005451013
Persistent link: https://www.econbiz.de/10010428293
Does distance matter for the volatility of international real and financial transactions? We show that it does, in … a broad range of real and financial transactions measures, as well as several different metrics of distance (physical … between countries that are more distant along the various metrics, and find that the different distance measures magnify each …
Persistent link: https://www.econbiz.de/10011988553
Does distance matter for the volatility of international real and financial transactions? We show that it does, in … a broad range of real and financial transactions measures, as well as several different metrics of distance (physical … between countries that are more distant along the various metrics, and find that the different distance measures magnify each …
Persistent link: https://www.econbiz.de/10012004150
Does distance matter for the volatility of international real and financial transactions? We show that it does, in … a broad range of real and financial transactions measures, as well as several different metrics of distance (physical … between countries that are more distant along the various metrics, and find that the different distance measures magnify each …
Persistent link: https://www.econbiz.de/10011994537
distance between business partners is still relevant even when information and communication technologies (ICT) provide …
Persistent link: https://www.econbiz.de/10010281652
Persistent link: https://www.econbiz.de/10009723031
Persistent link: https://www.econbiz.de/10011758426
that adoption of broadband internet makes trade patterns more sensitive to distance and economic size. Going from no … broadband availability to full coverage increases the magnitude of the elasticity of trade with respect to distance by 0.12, and … the elasticity of trade with respect to destination size by 0.06. For distance, this means that an increase in internet …
Persistent link: https://www.econbiz.de/10012058692