This paper examines the trading pattern of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) by employing an augmented gravity model. The econometric ...

Journal of Economic Integration, Vol. 16, No. 3 (September 2001), pp. 379-398 (20 pages) This study extends the gravity model to include a new measure of the trading partners' location relative to ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation If sectoral trade flows obey structural gravity, countries' bilateral trade imbalances are the result of macro trade ...

One reason why countries service their external debts is the fear that default might lead to shrinkage of international trade. If so, then creditors should systematically lend more to countries with ...