International Trade Flow Analysis Using the Gravity Model: The Nigerian Conundrum.
Authors: Onyemechi, C., Igboanusi, C. and Ezenwa, A.
Journal: International Journal of Latest Research in Science and Technology
Volume: 3
Issue: 4
Pages: 181-185
ISSN: 2278-5299
Abstract:The work surveyed several international trade flow models applied to transportation and spatial interaction analysis. The connectivity between international trade flow, port development and hinterland acquisition were analyzed based on evolving market demands. The relevance of the gravity model both to the international trade and port hinterland analysis were identified. Methods for the estimation of trade flows using natural logarithms applied to the gravity model were developed. Furthermore, the work assessed the rising influence of both hub and dry ports in the world of international trade. While the latter is situated in the hinterland, the former is situated at a few major world ports. The relevance of the gravity model in determining the location of these port types was emphasized. The strategic roles of rising hub ports in world trade were also discussed. Relevant data were picked from the Nigerian Import and Export environment.
Source: Manual