Fazio, Giorgio (contributor); MacDonald, Ronald (contributor) - 2007
Feldstein-Horioka puzzle. Second, we use the gravity model to estimate
the effect of trade costs on bilateral trade and, third … our results with the so-called home bias puzzle.
Keywords: Feldstein-Horioka puzzle; trade costs; gravity model … we believe on more direct grounds than theirs.
The second novelty in our work involves using the gravity model to …