Fazio, Giorgio (contributor); MacDonald, Ronald (contributor) - 2007
relative to home
goods as an exogenous variable. Evidently, the influence of a country’s imports from any spe-
cific trade … bilateral trade balance. Accordingly, researchers who rely on these assumptions usually
take the dependent variable as total … price is ignored, since the
opposite influence of this variable on trade partners (in the case of an elasticity of …