· 2016
A Tentative Model for the Volume of Trade between Countries
- 845citations
- 2016year
Short summary
A novel static model treats international trade as an integral whole, abandoning the bilateral approach by analyzing goods exchange between ten European countries in 1958.
AI-generated from the title and abstract; the full text is not read.
Key points
- Introduces a static model for international trade analysis.
- Applies a structural and explanatory model similar to input-output analysis.
- Analyzed goods exchange between ten European countries in 1958.
- Demonstrates that international trade can be treated as an integral whole within a single model system.
AI-generated from the title and abstract; the full text is not read.
Abstract
paper aims to bring some structural features of international trade into relief. The analysis is based on the simultaneous application of a structural and explanatory model resembling an inputoutput model to the exchange of goods between ten European countries in 1958. The nature of the experiment made it necessary to confine the analysis at this stage to a relatively limited set of data, but there is nothing, in principle, to prevent the extension of the analysis to the world trade as a whole. Changes over time were also left outside the scope of this paper, so that the model employed is static. In spite of these restrictions the results are of interest and, as I believe, novel; they serve to indicate that the bilateral approach can be abandoned in investigating international trade, which can be treated as an integral whole within the framework of a single model or model system2.
The authors' abstract, as published at the source., 2016 · DOI ↗
Continue with a free account
Ask the paper: 3 free questions a day about this paper; save it, get its citation, new summaries every day for your field. Takeaways are Premium.
Continue free on the webSign in with Google or Apple; no card needed. You come back to this paper.
On your phone:
Field: General Economics, Econometrics and Finance
General Economics, Econometrics and FinanceEconomics, Econometrics and Finance