ملخص
This work shows the asymmetric effect of the reduction in transportation costs across different sectors in the process of the Great Divergence. Specifically, the analysis indicates that reductions in transportation costs of industrial goods enhance convergence of the growth rates of trading economies. In contrast, reductions in transportation costs of nonindustrial goods contribute to a further divergence across countries.
اللغة الأصلية | الإنجليزيّة |
---|---|
الصفحات (من إلى) | 214-228 |
عدد الصفحات | 15 |
دورية | Macroeconomic Dynamics |
مستوى الصوت | 20 |
رقم الإصدار | 1 |
المعرِّفات الرقمية للأشياء | |
حالة النشر | نُشِر - 16 سبتمبر 2014 |