TRANSPORTATION COSTS AND THE GREAT DIVERGENCE

Leonid Azarnert

Macroeconomic Dynamics, 2016, vol. 20, issue 1, 214-228

Abstract: 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.

Date: 2016
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Working Paper: Transportation Costs and the Great Divergence (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:macdyn:v:20:y:2016:i:01:p:214-228_00

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