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gravity models for developed countries to include unemployment (chapter 2) and for Latin American and Caribbean developing … migration and trade and their effects on unemployment (chapter 5), and the dynamics of democracy and income chapter 6). … Firmen (Kapitel 1), der Erweiterung struktureller Gravitationsmodelle um Arbeitslosigkeit in entwickelten Ländern (Kapitel 2 …
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We use an augmented gravity model to revisit the effect of similarity in income distributions on bilateral trade flows. Disentangling supply-side and demand-side mechanisms, we document a robust new regularity: while differences in average incomes between two countries increase trade,...
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