![]() ![]() Log(Distance)= Logarithm of distance between the two trading countries Log(GDPEXP)= Logarithm of the Gross domestic product for the exporting country ![]() Log(GDPIM)= Logarithm of the Gross domestic product for the importing country Log(Tradequantity)= Logarithm of quantity traded between two countries Log(Tradequantity)=Log(GDPIM)+Log(GDPEXP)+Log(Distance)+Log(Exchange Rate) + Log(Trade Openess) + Breakpoint dummy + Colonial dummy + Language dummy The data was collected for a period of 20 years between 19 ![]() ![]() My model is a gravity model and I am using an unbalanced and undated panel for bilateral trade between countries with 741 observations. ![]()
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