RDP 2004-11: Trade Openness: An Australian Perspective Equation (1)

log( trad e ij )= β 0 + β 1 log( GD P i .GD P j )+ β 2 log( distance ij )+ β 3 log( GD P i PO P i . GD P j PO P j ) + β 4 log( are a i .are a j )+ β 5 ( islandbot h ij )+ β 6 ( islandeithe r ij )+ β 7 ( landlockedbot h ij ) + β 8 ( landlockedeithe r ij )+ β 9 ( borde r ij )+ β 10 ( commoncolonise r ij )+ β 11 ( colon y ij ) + β 12 ( commonlanguag e ij )+ β 13 ( FTA )+ β 14 ( commoncurrenc y ij )+ ε ij MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@4CD6@