The Missing Globalization Puzzle

The Missing Globalization Puzzle
The failure of declining trade-related costs to be reflected in estimates of the standard gravity model of bilateral trade might be called the "missing globalization puzzle." This puzzle is most apparent in the estimated distance coefficients found in the literature, which show no evidence of declining in absolute value over time. In contrast,... READ MORE...

Publication date: October 2002
ISBN 9781451858518
$15.00

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