tag:blogger.com,1999:blog-1331441403058020963.post2515843382788087875..comments2024-03-28T06:49:24.930-04:00Comments on International Political Economy at the University of North Carolina: Quantum Gravity Trade ModelsThomas Oatleyhttp://www.blogger.com/profile/14092437150746625670noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1331441403058020963.post-1178282062975395902013-02-16T16:42:35.165-05:002013-02-16T16:42:35.165-05:00Got it, thanks.
(Btw, unrelated: thks for tweetin...Got it, thanks.<br /><br />(Btw, unrelated: thks for tweeting my 'reason of state' post.)LFChttp://howlatpluto.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1331441403058020963.post-63040058059306612472013-02-15T19:14:28.885-05:002013-02-15T19:14:28.885-05:00The first part refers to GDP or some other measure...The first part refers to GDP or some other measure of the size of national economies. The three variables would then be: GDP of country 'A', GDP of country 'B', and distance between them.Kindred Winecoffhttps://www.blogger.com/profile/14330671232391851377noreply@blogger.comtag:blogger.com,1999:blog-1331441403058020963.post-66691852776081890012013-02-15T14:14:41.326-05:002013-02-15T14:14:41.326-05:00R Baldwin:
"The amount of trade between two n...R Baldwin:<br />"The amount of trade between two nations varies with the product of the economic mass of the two nations and inversely with the distance between them."<br /><br />I understand the second part of this sentence but not the first: trade varies "with the product of the economic mass of the two nations..."<br />Sounds like it's a reference to multiplying GDPs together but I'm probably missing something. Anyway, to someone not v familiar w empirical models of trade, the sentence is not too helpful. Then he goes on to refer to "three variables" but it sounds like there are only two here: economic mass and distance. Again I'm prob. missing something. LFChttp://howlatpluto.blogspot.comnoreply@blogger.com