DOES HETEROGENEITY MATTER IN THE CONTEXT OF THE GRAVITY MODEL?

This paper argues that there is a differential behaviour between the richest and the poorest economies in the gravity model framework. Results show that geographical and cultural factors are more important for developing than for developed economies, and a good economic policy in developing countries is to invest in technological innovation and in transport infrastructure.

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Year of publication:	2005
Authors:	Márquez-Ramos, Laura ; Martínez-Zarzoso, Inmaculada
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 6.2005, 17, p. 1-7
Publisher:	AccessEcon
Subject:	developed and developing countries

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	F1 - Trade
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005181969