Define the gravity model

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Reference no: EM133152808

Question 1:

a. Define the gravity model. Specify the variables utilized?

b. Apply the gravity model to India and China. Why has it taken so long for India and China to become serious trading partners? Think of 18th century trade patterns, importation of raw materials back to the UK from their colonies.

c. Apply the gravity model to the UK in the year 2021. What countries are most important to the UK's trade relationships?

Reference no: EM133152808

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