We collected 95 primary studies that deploy the gravity model and use a dummy for islands as a controlling variable. Our analysis rejects the presence of (publication) bias in the empirical literature. The primary studies reveal a statistically positive and economically meaningful meta effect....

Globalization makes countries connected via global networks of trade and preferential trade agreements (PTAs). Some countries are centers (or hubs) of the networks, while others are spokes (links to the centers). In this study, we first define hub-ness and hubs as two features of the global...

We show that distance matters for the volatility of international trade and financial transactions beyond its well-known relevance for their levels. We consider alternative measures of distance and estimate their impact on a broad range of trade and financial transactions volatility to test...

We investigate the effect of economic sanctions on trade flows in countries sharing a border with sanctioned states. According to trade models, sanctions are expected to reduce trade flows as they disrupt established trading routes and economic relationships with suppliers and customers....

This study aims to examine the impact of influential factors on the global trade network through long-term and short-term network analysis based on time slices. The long-term analysis examines the overall network characteristics, key players, and the most impactful events. In particular, the...

There is an ongoing debate about whether standards act as trade catalysts or barriers. This article uses a gravity model to analyze the effects of national standards on the trade of agricultural products between China and the 64 Belt and Road (B&R) countries from 1990 to 2019. Mandatory...