Series: IMF Working Papers
Author(s): Rikhil Bhavnani , Natalia Tamirisa , Arvind Subramanian , and David Coe
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2002
Keywords: trade, gravity model, distance, bilateral trade, trade costs, equation, transport costs, international trade, Trade: General, Trade Gravity Model,
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 est...