The Gravity Model for Trade Theory

This article delivers a theoretical overview of the gravity model and some of its main applications. The goal is as well to provide some criticism and to discuss the effectiveness of this widely used model. The model, in fact, not only did not lose its appeal over time but, on the contrary, it cont...

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Main Authors: Giovanna Maria Borges Aguiar, Elena Cossu
Format: Article
Language:English
Published: Corvinus University of Budapest 2019-11-01
Series:Köz-gazdaság
Online Access:http://retp.eu/index.php/retp/article/view/180
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author Giovanna Maria Borges Aguiar
Elena Cossu
author_facet Giovanna Maria Borges Aguiar
Elena Cossu
author_sort Giovanna Maria Borges Aguiar
collection DOAJ
description This article delivers a theoretical overview of the gravity model and some of its main applications. The goal is as well to provide some criticism and to discuss the effectiveness of this widely used model. The model, in fact, not only did not lose its appeal over time but, on the contrary, it continued to develop and to become more reliable and relevant. It becomes clear that, although it has some problems and limitations, the gravity model is still a widely used and compelling tool, especially in the trade flow area.   Jelen cikk a gravitációs modellról és annak fő alkalmazásairól nyújt áttekintést. A tanulmány további célja a széleskörben használt modell hatékonyságának megvitatása. A modell nem csak, hogy nem veszített népszerűségéből, hanem megbízhatóbbá és relevánsabbá vált. Világos, hogy a modell korlátai ellenére még mindig széleskörben bevett vizsgálati eszköz, különösen a kereskedelem terén.
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spelling doaj.art-aa3a8caf602a4e758e25164419e9f9d82023-01-12T15:03:19ZengCorvinus University of BudapestKöz-gazdaság1788-06962019-11-01143The Gravity Model for Trade TheoryGiovanna Maria Borges AguiarElena Cossu This article delivers a theoretical overview of the gravity model and some of its main applications. The goal is as well to provide some criticism and to discuss the effectiveness of this widely used model. The model, in fact, not only did not lose its appeal over time but, on the contrary, it continued to develop and to become more reliable and relevant. It becomes clear that, although it has some problems and limitations, the gravity model is still a widely used and compelling tool, especially in the trade flow area.   Jelen cikk a gravitációs modellról és annak fő alkalmazásairól nyújt áttekintést. A tanulmány további célja a széleskörben használt modell hatékonyságának megvitatása. A modell nem csak, hogy nem veszített népszerűségéből, hanem megbízhatóbbá és relevánsabbá vált. Világos, hogy a modell korlátai ellenére még mindig széleskörben bevett vizsgálati eszköz, különösen a kereskedelem terén. http://retp.eu/index.php/retp/article/view/180
spellingShingle Giovanna Maria Borges Aguiar
Elena Cossu
The Gravity Model for Trade Theory
Köz-gazdaság
title The Gravity Model for Trade Theory
title_full The Gravity Model for Trade Theory
title_fullStr The Gravity Model for Trade Theory
title_full_unstemmed The Gravity Model for Trade Theory
title_short The Gravity Model for Trade Theory
title_sort gravity model for trade theory
url http://retp.eu/index.php/retp/article/view/180
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