Luo, Shali; Choi, Seung-Whan - In: International trade, politics and development 6 (2022) 2, pp. 46-60
bilateral trade flows while accounting for zero trade volumes. Design/methodology/approach This model is designed to capture … multiple forms of spatial autocorrelation embedded in “directional” trade flows. The authors apply this improved model to … noticeable way. Research limitations/implications This finding implies that the standard gravity model may produce biased …