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Gravity model-correlation in detailed explanation

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Reference no: EM133115013

Over the past few decades, East Asian economies have increased their share of world GDP. Similarly, intra-East Asian trade-that is, trade among East Asian nations-has grown as a share of world trade. More than that, East Asian countries do an increasing share of their trade with each other.

Apply the gravity model to this correlation in a detailed explanation.

Reference no: EM133115013

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