International Economics Mathematics & Economics Research Paper (Research Paper Sample)

Jackson Omondi
Research paper
International economics
TITLE
Define and explain the meaning of economic geographic in international trade.
State and expound what is Linder’s hypothesis in international trade using examples.
Illustrate gravity model equation and explain its application in international trade.
Explain the relevance of trade in economic growth in Kenyan economy.
Economic geography is defined as the study of human's economic activities under varying sets of conditions which is associated with production, location, distribution, consumption, exchange of resources, and spatial organization of economic activities across the world. It represents a traditional sub-field of the discipline of geography. However, many economists have also approached the field in ways more typical of the discipline of economics.
Linder Hypothesis is an economic hypothesis that persists in countries with similar per capita income with similar quality products, and that this should lead to them trading with each other. The Linder hypothesis suggests countries will specialize in the production of certain high-quality goods and will trade these goods with countries that demand these goods. The theory was proposed by Staffan Linder in 1961.