Back to the future: Gravity at sixty

James Anderson

European Economic Review, 2024, vol. 161, issue C

Abstract: This essay travels back from its origin to the future with gravity. The return to (what we would now call) gravity’s non-parametric origin in Tinbergen (1962) takes a clue forward to improved non-parametric practice. In between, gravity became a structural parametric object widely used for policy projections and other counterfactuals. Non-parametric gravity described in Anderson (2023) leads to sufficient statistics for trade frictions, derived from the observable difference in welfare cost per unit in the observed and the observable as-if-frictionless equilibria. Relative resistance so defined is an origin for a renewed Tinbergen strategy of investigating trade friction determinants.

Keywords: Non-parametric; Intuition; Relative Resistance (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eecrev:v:161:y:2024:i:c:s0014292123002738

DOI: 10.1016/j.euroecorev.2023.104645

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