Fiche du document
27 mars 2017
- handle: 10670/1.egbq1u
- hal: hal-01496258
info:eu-repo/semantics/OpenAccess
Mots-clés
Gravity equation distance puzzle trade elasticity trade costs F - International Economics/F.F1 - Trade/F.F1.F15 - Economic Integration N - Economic History/N.N7 - Transport, Trade, Energy, Technology, and Other Services/N.N7.N70 - General, International, or Comparative -fin]Sujets proches
Trade Commercial trade Foreign trade Trade TradeCiter ce document
Elizaveta Archanskaia et al., « Heterogeneity and the distance puzzle », Archive ouverte de Sciences Po (SPIRE), ID : 10670/1.egbq1u
Métriques
Partage / Export
Résumé
This paper shows that reduced heterogeneity of exporter-specific goods can provide adirect explanation of the distance puzzle. Using COMTRADE 4-digit bilateral trade datawe find that the elasticity of trade to distance has increased by 8% from 1962 to 2009.Theoretical foundations of the gravity equation indicate that the distance coefficient is theproduct of the elasticity of trade costs to distance and a measure of heterogeneity, e.g.the substitution elasticity between exporter-specific goods in the Armington framework.This parameter has increased by 13% from 1962 to 2009. The evolution of the distancecoefficient is thus compatible with a 4% reduction in the elasticity of trade costs to distance.