Gravity Model and International Trade: A Survey of the Literature

The gravity model, which is applied to international trade, explains the conceptual models of international business. It has been used in various areas of the global economy, such as trade, foreign direct investment, and even the determinants of tourist demand at the level of countries and sectors o...

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Bibliographic Details
Published in:Administrative sciences 2024-09, Vol.14 (9), p.219
Main Author: Leitão, Nuno Carlos
Format: Article
Language:English
Subjects:
Bibliometrics
Consumers
Costs
Economic growth
Economies of scale
Foreign investments
GDP
gravity model
Gross Domestic Product
Income distribution
Industrial concentration
International business
International trade
Isard, Walter
Krugman, Paul
Language
Literature reviews
Localization
Monopolistic competition
Product differentiation
Surveys
Trade agreements
transport cost
Variables
Citations: Items that this one cites
Online Access:Get full text
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Summary:The gravity model, which is applied to international trade, explains the conceptual models of international business. It has been used in various areas of the global economy, such as trade, foreign direct investment, and even the determinants of tourist demand at the level of countries and sectors of economic activity. In terms of the methodology, this study of the gravity model followed the PRISMA requirements and bibliometric analysis (co-occurrence of keywords and network of co-authorship), which were applied to the Scopus database. In terms of the results, economic, geographical distance, and location variables are essential in explaining international trade.
ISSN:2076-3387
2076-3387
DOI:10.3390/admsci14090219