Are Bilateral Trade Balances Irrelevant? /
Based on an empirical gravity model of sectoral bilateral trade, we uncover three features of bilateral trade balances. First, the difficulty of gravity models in fitting the observed level of bilateral balances is likely due to the presence of unobservable bilateral trade costs. Second, the model f...
| Autore principale: | |
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| Altri autori: | , , |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2020/210 |
| Accesso online: | Full text available on IMF |