Quantitative justification for the gravity model in economics

© Springer International Publishing AG 2018. The gravity model in economics describes the trade flow between two countries as a function of their Gross Domestic Products (GDPs) and the distance between them. This model is motivated by the qualitative similarity between the desired dependence and the...

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Main Authors:	Vladik Kreinovich, Songsak Sriboonchitta
Format:	Book Series
Published:	2018
Online Access:	https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85037834279&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/43915
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Institution:	Chiang Mai University

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spelling	th-cmuir.6653943832-439152018-01-24T04:15:05Z Quantitative justification for the gravity model in economics Vladik Kreinovich Songsak Sriboonchitta © Springer International Publishing AG 2018. The gravity model in economics describes the trade flow between two countries as a function of their Gross Domestic Products (GDPs) and the distance between them. This model is motivated by the qualitative similarity between the desired dependence and the dependence of the gravity force (or potential energy) between the two bodies on their masses and on the distance between them. In this paper, we provide a quantitative justification for this economic formula. 2018-01-24T04:15:05Z 2018-01-24T04:15:05Z 2018-01-01 Book Series 1860949X 2-s2.0-85037834279 10.1007/978-3-319-70942-0_14 https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85037834279&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/43915
institution	Chiang Mai University
building	Chiang Mai University Library
country	Thailand
collection	CMU Intellectual Repository
description	© Springer International Publishing AG 2018. The gravity model in economics describes the trade flow between two countries as a function of their Gross Domestic Products (GDPs) and the distance between them. This model is motivated by the qualitative similarity between the desired dependence and the dependence of the gravity force (or potential energy) between the two bodies on their masses and on the distance between them. In this paper, we provide a quantitative justification for this economic formula.
format	Book Series
author	Vladik Kreinovich Songsak Sriboonchitta
spellingShingle	Vladik Kreinovich Songsak Sriboonchitta Quantitative justification for the gravity model in economics
author_facet	Vladik Kreinovich Songsak Sriboonchitta
author_sort	Vladik Kreinovich
title	Quantitative justification for the gravity model in economics
title_short	Quantitative justification for the gravity model in economics
title_full	Quantitative justification for the gravity model in economics
title_fullStr	Quantitative justification for the gravity model in economics
title_full_unstemmed	Quantitative justification for the gravity model in economics
title_sort	quantitative justification for the gravity model in economics
publishDate	2018
url	https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85037834279&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/43915
_version_	1681422462306222080

Quantitative justification for the gravity model in economics

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