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- Title
The Tyranny of Distance and the Gravity of Resources.
- Authors
Robertson, Peter E.; Robitaille, Marie‐Claire
- Abstract
To what extent does geography remain an important determinant of comparative advantage and factor incomes in resource markets? We estimate gravity models for resources and find that some minerals and fuels, particularly iron ore and gas, do have very high elasticities of trade with respect to distance. To assess the implications of this we then consider a simple counterfactual where location advantages are eliminated. We find that for a few countries, including Australia and New Zealand, distance barriers have a large impact of their market share.
- Subjects
GEOGRAPHY; MINERALS; FUEL industry; INTERNATIONAL trade; COMMERCE
- Publication
Economic Record, 2017, Vol 93, Issue 303, p533
- ISSN
0013-0249
- Publication type
Article
- DOI
10.1111/1475-4932.12368