Bilateral Trade Flows and Income Distribution Similarity.

Abstract

Current models of bilateral trade neglect the effects of income distribution. This paper addresses the issue by accounting for non-homothetic consumer preferences and hence investigating the role of income distribution in the context of the gravity model of trade. A theoretically justified gravity model is estimated for disaggregated trade data (Dollar… (More)
DOI: 10.1371/journal.pone.0128191

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