Bayesian inference for the gravity model
引力模型的贝叶斯推断
Abstract This paper seeks to empirically extend the gravity model , which has been widely used to analyze volumes of trade between pairs of countries. We generalize the basic threshold tobit model by allowing for the inclusion of country‐specific effects into the analysis and also show how one can explore the relationship between trade volumes and a given covariate via a non‐parametric approach. We use our derived methodology to investigate the impact of a particular aspect…