Thanks, man for explaining this kind of thing, I could not understand it from my book because of my English barriers and it is a little bit hard to understand it from the book without detailed examples, I appreciate it)))
If i was anywhere near you, i would make you a fresh bottle of chilled orange juice. Your explanation was simple and understandable. Thank you so much 🎉🎉🎉🎉🎉🎉❤❤❤❤❤😊😊😊😊😊
Thank you for this very clear, useful video and all the information on your channel! It's invaluable for a struggled graduate student🥲 I also have a related question and really appreciate if there's any guidance. If the independent variable simultaneously induces other means of compensation, for example, if country A adopts a trade policy against country B that restricts country B's exports, but country B increases its exports to other countries (which is largely due to country A's restrictive policy), this biases the real-world impact of country A's policy (e.g., there is not a noticeable reduction in country B's employment), what should be done about this situation? Should it be estimated using the mitigated world total shock as the dependent variable instead of the shock from country A, or is there some way to take out the impact of country B's compensatory exports to other countries? Thank you very much🥹
