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Los fundamentos conceptuales del modelo gravitacional de comercio: una revisión de la literatura
[Conceptual foundations of the gravity model of trade: A literature review]

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  • María Victoria Lacaze

Abstract

The paper reviews the state of art of literature on the gravity model of trade, throughout its practical exploitation and its microfoundations. The conceptual contributions in this field have made it possible to derive the gravity equation from different types of general equilibrium models; also, by assuming different market structures and finally when several degrees of heterogeneity between firms are taken into account. The applied literature on the field shows the existence of a prolific discussion referring to the impact of geographical distance on trade, which has become of particular interest in the current context of globalization

Suggested Citation

  • María Victoria Lacaze, 2023. "Los fundamentos conceptuales del modelo gravitacional de comercio: una revisión de la literatura [Conceptual foundations of the gravity model of trade: A literature review]," Estudios Economicos, Universidad Nacional del Sur, Departamento de Economia, vol. 40(80), pages 251-279, january-j.
    • Handle: RePEc:uns:esteco:v:40:y:2023:i:80:p:251-279
    DOI: https://doi.org/10.52292/j.estudecon.2023.3267
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    Keywords

    modelo gravitacional; fundamentos conceptuales; comercio; modelo de equilibrio general;
    All these keywords.

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

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