This paper argues that distance is not necessarily harmful to trade. It is shown that there may be an increase in the … distance on the volume of trade in general and virtual trade in particular. It is also shown that exploitation of time zone … theory of international trade. …

. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …