THE PATTERN OF BILATERAL TRADE USING A DYNAMIC GRAVITY EQUATION

Mina Kim, Guedae Cho and Won W. Koo

No 20248, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Using a dynamic gravity equation, we show that the national product differentiation model explains food and agricultural trade, while the product differentiation model explains large-scale manufacturing trade for both short- and long-run. We provide reasons of discrepancy from Head and Ries (2001) in the short-run, and illustrate the positive impacts of world income growth on bilateral trades.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 23
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20248

DOI: 10.22004/ag.econ.20248

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