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...
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| Andere auteurs: | , , |
| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 2020/210 |
| Online toegang: | Full text available on IMF |