Vancauteren, Mark; Weiserbs, Daniel - In: International Econometric Review (IER) 3 (2011) 1, pp. 1-24
In this paper, we propose and test several extensions of the standard gravity model. This yields a specification that allows for (i) a more flexible income response; (ii) a competitiveness effect with a general and a specific component; and (iii) an alternative and consistent measure of...