Transportation Costs and the Great Divergence

Leonid Azarnert

No 4766, CESifo Working Paper Series from CESifo

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 non-industrial goods contribute to a further divergence across countries.

Keywords: international trade; trade costs; transportation revolution; fertility; economic growth (search for similar items in EconPapers)
JEL-codes: F11 F43 J10 N30 O40 (search for similar items in EconPapers)
Date: 2014
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Related works:
Journal Article: TRANSPORTATION COSTS AND THE GREAT DIVERGENCE (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_4766

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