Gravity Model for Trade between Singapore and Malaysia using Employment

Autor:	Chew Soon-Beng, Yang Qi
Rok vydání:	2020
Předmět:	Macroeconomics Operationalization Gravity model of trade Current practice Economics Trade volume
Zdroj:	Journal of Business Theory and Practice. 8:p107
ISSN:	2329-2644 2372-9759
DOI:	10.22158/jbtp.v8n3p107
Popis:	This paper uses GDP and employment data based on the Gravity Model to account for the trade volume between Singapore and Malaysia. There are two ways to operationalize this gravity model. One is based on GDP which is the current practice in the literature. But in this paper, we also use employment data. It is found that, to account for trade volume between Singapore and Malaysia, employment data performs better than the GDP data. Employment performs better than GDP because GDP is the result of trade but employment is an input to create trade volume.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::aea3919da351d783dad0174fd2751f6e https://doi.org/10.22158/jbtp.v8n3p107 Zobrazit plný text záznamu