The estimated coefficient of distance on the volume of trade is generally found to increase rather than decrease through time using the traditional gravity model of trade. This distance puzzle proved robust to several ad hoc versions of the model using data for 1962-96 for a large sample of 130 countries. The introduction of an augmented barrier to trade function removes the paradox, yielding a decline in the estimate of the elasticity of trade to...
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INFORMACIÓN
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2005/01/01
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Artículo de periódico
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77483
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1
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1
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2013/05/23
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Disclosed
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Has distance died? : evidence from a panel gravity model
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transport cost