Graduate studies at Western
|Abstract||There is widespread evidence that a better access to markets contributes to raising income levels. However, no quantification of the impact of distance to markets has been made on the basis of a sample restricted to advanced - and therefore more homogeneous - countries. This paper applies the framework developed by Redding and Venables (2004) on a panel data covering 21 OECD countries over 1970-2004, and shows that, relative to the average OECD country, the cost of remoteness for countries such as Australia and New Zealand can be as high as 10% of GDP. Conversely, the benefit for centrally-located countries like Belgium and the Netherlands could be around 6-7%. Second, the paper explains why the estimated parameter in the Redding-Venables model is biased upwards in cross-section samples that mix both developing and developed countries, because of the inability to adequately control for heterogeneity in technology levels across countries. The paper also provides a detailed discussion of the links between the "death-of-distance" hypothesis, the evolution of transport costs and the elasticity of trade to distance.|
|Keywords||No keywords specified (fix it)|
No categories specified
(categorize this paper)
|Through your library||Only published papers are available at libraries|
Similar books and articles
Ralf Peters & David Vanzetti, Shifting Sands: Searching for a Compromise in the WTO Negotiations on Agriculture.
Aileen Smith & Evelyn C. Hume (2005). Linking Culture and Ethics: A Comparison of Accountants' Ethical Belief Systems in the Individualism/Collectivism and Power Distance Contexts. [REVIEW] Journal of Business Ethics 62 (3):209 - 220.
Anji Wall (2011). The Context of Ethical Problems in Medical Volunteer Work. HEC Forum 23 (2):79-90.
G. J. Rossouw (1994). Business Ethics in Developing Countries. Business Ethics Quarterly 4 (1):43-51.
Frank R. Lichtenberg (2005). Pharmaceutical Innovation and the Burden of Disease in Developing and Developed Countries. Journal of Medicine and Philosophy 30 (6):663 – 690.
Jennifer D. Chandler & John L. Graham (2010). Relationship-Oriented Cultures, Corruption, and International Marketing Success. Journal of Business Ethics 92 (2):251 - 267.
Helena Marques, Migration Creation and Diversion in the EU: Are CEECs Immigrants Crowding-Out the Rest?
Nancy Christopher Baughn, Mark L. Bodie, Michael A. Buchanan & B. Bixby (2010). Bribery in International Business Transactions. Journal of Business Ethics 92 (1).
Sorry, there are not enough data points to plot this chart.
Added to index2009-01-28
Recent downloads (6 months)0
How can I increase my downloads?