Pao-Li Chang¤; Lee, Myoung-Jae - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2008
This paper proposes to reexamine the trade effect of GATT/WTO based on non-parametric econometric techniques. Our estimation framework uses the simplest gravity model that explains bilateral trade volumes with country sizes and trade resistance, without imposing parametric assumptions typically...