Ganges, Byron S.; Ma, Alyson C.; Van Assche, Ari - University of Hawai'i Economic Research Organization … - 2011
dramatic world trade growth Ñin the words of Rubin (2009), ÒÉYour world is going to get a whole lot smaller.Ó Using data from … ChinaÕs Customs Statistics, we examine the impact of oil prices on tradeÕs sensitivity to distance. We find that higher oil … prices increase tradeÕs elasticity to distance, but that the economic effect is small. We also find that the effect is more …