Rose, Andrew (contributor); Spiegel, Mark (contributor) - 2002 - [Elektronische Ressource]
A Gravity Model of Sovereign Lending:
Trade, Default and Credit
Andrew K. Rose and Mark M. Spiegel*
Draft … problem using instrumental variables. The popular �gravity� model of
bilateral international trade provides a wealth of … levels
follows the gravity model of international trade closely:
ln(C
ijt
) = β
1
ln(Y
i
Y
j
)
t
+ β
2
ln(Y
i
Y
j
/Pop
i …