BRUN, Jean-François; CARRERE, Céline; GUILLAUMONT, Patrick - Centre d'Études et de Recherches sur le Développement … - 2002
This paper reports panel gravity estimates of aggregate bilateral trade for 130 countries over the period 1962-96 in which the coefficient of distance is allowed to change over time. In a standard specification in which transport costs are proxied by distance only, it is found paradoxically that...