Gravity model of trade

GPTKB entity

Statements (24)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo empirical trade analysis
gptkbp:category econometrics
international trade theory
gptkbp:describes bilateral trade flows
gptkbp:empiricallySupported yes
gptkbp:extendsTo gptkb:Anderson_and_van_Wincoop_(2003)
gptkbp:form F = G * (M1*M2)/D^2
https://www.w3.org/2000/01/rdf-schema#label Gravity model of trade
gptkbp:inspiredBy gptkb:Newton's_law_of_gravity
gptkbp:predicts trade is inversely proportional to distance
trade is proportional to economic size
trade volume between two countries
gptkbp:proposedBy gptkb:Jan_Tinbergen
1962
gptkbp:relatedTo gptkb:Heckscher-Ohlin_model
Ricardian model
gptkbp:usedIn international economics
gptkbp:variablesInclude census
trade barriers
GDP of countries
distance between countries
gptkbp:bfsParent gptkb:International_Trade
gptkbp:bfsLayer 7