Question: Design a gravity style specification for export flows where you are particularly interested in examining : The existence of a common border, the effect of
Design a gravity style specification for export flows where you are particularly interested in examining :
- The existence of a common border,
- the effect of a bilateral trade agreement, and
- the impact of exchange rate regime
How might you capture the impact of these variables. What is the likely impact of these variables. explain all the terms in your specifications.
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