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Conventional studies of bilateral trade patterns specify a log-normal gravity equation for empirical estimation. However, the log-normal gravity equation suffers from three problems: the bias created by the logarithmic transformation, the failure of the homoscedasticity assumption, and the way...
Persistent link: https://www.econbiz.de/10005451013
Conventional studies of bilateral trade patterns specify a log-normal gravity equation for empirical estimation. However, the log-normal gravity equation suffers from three problems: the bias created by the logarithmic transformation, the failure of the homoscedasticity assumption, and the way...
Persistent link: https://www.econbiz.de/10010730917
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distance between business partners is still relevant even when information and communication technologies (ICT) provide …
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distance between business partners is still relevant even when information and communication technologies (ICT) provide …
Persistent link: https://www.econbiz.de/10008783579
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