Density distribution of the model share of trade transactions invoiced in the producer currency for different slope parameters of the logistics curve. Source: own calculations based on CEPII BACI data for 2019 across all intra-BRICS bilateral trade flows

 
 
  Part of: Gnidchenko A (2023) Bargaining power, product differentiation, and currency patterns in intra-BRICS trade. BRICS Journal of Economics 4(3): 285-299. https://doi.org/10.3897/brics-econ.4.e102638