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We develop a simple estimation procedure for general equilibrium (GE) comparative static analysis of gravity models …
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functional forms can overcome different sources of bias. The analysis is particularly relevant to the estimation of spillovers …
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Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market...
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