Fisher, Eric O'Neill; Gilbert, John P.; Marshall, Kathryn G. - 2015 - First version: September 21, 2014. This version: May 19, 2015
This paper defines a new measure of economic distance. Using consistent cross-country data, we estimate local unit costs for 35 sectors in 40 countries. The distance between two countries is the largest percentage difference in unit costs among all sectors. If all goods are traded, this distance...
