Resource title

The missing globalization puzzle: another explanation

Resource image

image for OpenScout resource :: The missing globalization puzzle: another explanation

Resource description

This study suggests another explanation of the missing globalization puzzle typically observed in the empirical gravity models. In contrast to the previous research that focused on aggregated trade flows, we employ the trade flows in manufacturing products broken down by 25 three-digit ISIC Rev.2 categories. We estimate the distance coefficient using the log-linear specification of the standard as well as the generalized gravity equations. Our data set comprises trade flows for 22 OECD countries that span the time period from 1970 till 2000. We observe a substantial decline in the value of the distance elasticity in most manufacturing industries.

Resource author

Boriss Siliverstovs, Dieter Schumacher

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/27259

Resource license

Adapt according to the presented license agreement and reference the original author.