Naslov
Gravity Model and Zipf's Law: An In-Depth Study into the Nature of International Trade

Autori
Jošić, Mislav ; Nikić, Marija

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Academic Journal of Interdisciplinary Studies / Newman, Paul - Rim : MCSER Publishing, 2013, 583-588

Skup
3° International Conference on Human and Social Sciences ICHSS 2013 Rome-Italy

Mjesto i datum
Rim, Italija, 20.09.2013. - 22.09.2013

Vrsta sudjelovanja
Ostalo

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
International trade; Zipf's law; rank-size rule; gravity model; geographical economics

Sažetak
In this paper trade pattern based on distances between countries was tested through gravity model approach. This research highlights some of the regularities in international trade that arise and are in concordance with the rank-size rule. An empirical study was conducted on static data used in Croatia in 2012 in order totest the validity of Zipf's law. The presence of Zipf's law was empirically tested using population data for city proper and city settlements as well as the export values of Croatia's most important trading partners. In both cases results corroborate the existence of Zipf's law in population and export values. Due to the heavy tailness of Pareto distribution minor adjustments to the model have been made. Gravity model approach shows significant impact of distance and GDP on international trade. Dummy variable common borderindicates that mostof the trade in Croatia is done due to preferable geographical position of the country.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Doi:10.5901/ajis.2013.v2n9p583

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