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La subida del precio del crudo desde 2002 ha conllevado un significativo aumento de los ingresos en los países exportadores de petróleo. Así, los países de la OPEP y Rusia recibieron entre 2003 y 2006, unos 1,3 billones de dólares adicionales respecto a su nivel de exportaciones en el año...
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The continued rise in oil prices since 2002 has resulted in a significant increase in export revenue for oil exporting countries. This increase in the price of oil and other commodities means that OPEC countries and Russia have received, between 2003 and 2006, a windfall of 1.3 trillon dollars...
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In this paper, we estimate a gravity equation properly accounting for omitted exporter and importer’s overall trade resistance, through country yearly dummies for exporter and importer countries. We find that the omission of time varying multilateral trade resistance terms in the estimation of...
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