Volume 15 No 2 (2017)
Download PDF
The Role of Distance in the Gravity Model: From the View of Newton, International Economics and Quantum Mechanics
Gelengül Koçaslan
Abstract
The gravity model widely used in international economics in order to explain bilateral trade flows between
countries has its roots in physics and the common variable suggested in both of the equations used in physics and
economics is “distance”. Although several variables expected to have significant effect on trade are added to the
analysis in the field of international economics lately; distance is always considered as the first issue because of its
correlation with transportation costs. Similarly, from it was first suggested by Newton in the equation of the
universal gravity law to Einstein and to the recent finding in the field of quantum mechanics much attention has
been paid to distance in physics research too. The aim of this paper is to examine the role of distance in the gravity
models considering economic and physics perspectives with an eye to Newton’s equation, Einstein’s relativity and
quantum mechanics.
Keywords
gravity model, international economics, international trade, quantum mechanics.
Copyright
Copyright © Neuroquantology
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Articles published in the Neuroquantology are available under Creative Commons Attribution Non-Commercial No Derivatives Licence (CC BY-NC-ND 4.0). Authors retain copyright in their work and grant IJECSE right of first publication under CC BY-NC-ND 4.0. Users have the right to read, download, copy, distribute, print, search, or link to the full texts of articles in this journal, and to use them for any other lawful purpose.