Bilateral Trade Flows of The Gulf Cooperation Council Countries: A New Approach To Gravity Model
- Loyola eCommons, Aysu Insel, Mahmut Tekce, Aysu İnsel, Mahmut Tekçe
This paper sheds some light on the problems associated with random effects gravity approaches. Arguments for the superiority of a fixed effects model are given both along intuitive and econometric lines based on a Hausman test. 2000 Elsevier Science S.A. All rights reserved.