Ireland and Belgium have very similar trading patterns. Both trade considerably more with the United States than

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Ireland and Belgium have very similar trading patterns. Both trade considerably more with the United States than with the European Union (EU), even though they are EU members and are closer to the EU common market than the American market. Explain this anomaly using the gravity model.

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International Economics Theory And Policy

ISBN: 9781292409719

12th Edition

Authors: Paul Krugman , Maurice Obstfeld, Marc Melitz

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