The Three Puzzles in the Gravity Model of International Trade
著者: 笹原 彰
発行日: 2026年2月20日
No: DP2026-002
JELコード: F14, F43, O47
言語: 英語
【要旨/ハイライト】
This article provides an overview of three puzzles related to the gravity model of trade---the Glick–Rose puzzle, the border puzzle, and the missing globalization puzzle. It summarizes recent developments in estimation methods, including the shift from cross-sectional to panel settings, the inclusion of appropriate fixed effects, and the shift from log-linear specifications to nonlinear approaches.
