Knowledge Sharing Modules on CAREC Trade: Gravity Modeling and its Applications

Date: 3rd, 10th, 16th November, and 1st, 12th December 2022

Time: 16:00-17:00 Beijing Time (GMT + 8)

The CAREC Institute, in collaboration with the Asian Development Bank, is organizing an online self-study course on Gravity Modeling for government officials/experts from relevant ministries or agencies of the CAREC member countries, whose work impacts CAREC Program activities and promotes regional cooperation in the CAREC region. Experts representing development agencies, NGOs, and research/academic institutions from the CAREC region are also encouraged to participate and utilize the CAREC Institute E-Learning Platform. Online sessions will be delivered virtually on the E-learning platform from 3rd November 2022 to 12th December 2022, at 16.00 Beijing Time (GMT + 8).

Trade plays a critical role in the growth and development of a country’s economy. To capture the impact of certain policies on trade, gravity models are one of the most utilized empirical methods. These models explain extraordinarily well the spatial variation of observed trade, which separates trade flows into exporter-, importer- and bilateral characteristics. As such, the gravity model helps identify the main factors that define the intensity of trade between the countries.

The main objectives  of this course is to share knowledge modules, digital learning materials and products related to Gravity Modeling with CAREC senior officials, experts, and decision influencers; to enhance the capacity and analytical skills of participants in effectively handling issues and bottlenecks in trade using the gravity model; and to support member countries in the development of regional cooperation initiatives.