Berthelon, Matias; Freund, Caroline - Economics Research, World Bank Group - 2004
The volume of world trade has grown more than twice as fast as real world income since 1980. Surprisingly, the effect … of distance on trade has increased during this period. It could be that countries are trading greater volumes of goods … share of goods. Using highly disaggregated bilateral trade data, the authors find that adjustment in the composition of …