
The relative importance of distance in restricting international trade
Based on a general setup, this article shows that distance consistently accounts for about 40% of the international trade costs over the years for both developed and developing countries if we assume that trade costs take the iceberg form. The result helps us have a clear perspective of the relative importance of distance in restricting international trade.
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Work Title | The relative importance of distance in restricting international trade |
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License | In Copyright (Rights Reserved) |
Work Type | Article |
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Publication Date | November 1, 2013 |
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Deposited | November 22, 2021 |
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