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By relaxing the constraint of proximity to the investor, crowdfunding platforms promise to reshape the geography of …, to estimate the role of distance in the geographical flow of crowdfunding and, secondly, to show how the existence of … database provided by the French leader in rewards-based crowdfunding. With a dataset containing 12 887 projects and 452 850 …
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European countries (France, Germany, Italy, Spain, the United Kingdom). The studied network is then composed of all the … regional pairs among 386 active NUTS3 regions. Using a zero-inflated negative binomial regression model along gravity equations …
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We review and interpret the main theoretical developments in the gravity literature from its very early, a …-theoretical applications to the latest structural contributions. We also discuss challenges and implement methods to estimate empirical gravity … equations. We finish with a presentation and examples of numerical simulations with the structural gravity model. Throughout the …
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Does distance matter for the volatility of international real and financial transactions? We show that it does, in addition to its well-established relevance for the level of trade. A simple model of trade with endogenous markups shows that demand shocks have a larger impact on trade between...
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