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dc.contributor.authorBorgatti, Lisaen_US
dc.date.accessioned2012-09-21T09:44:29Z-
dc.date.available2012-09-21T09:44:29Z-
dc.date.issued2007en_US
dc.identifier.isbn9291909602=978-92-9190-960-5en_US
dc.identifier.urihttp://hdl.handle.net/10419/63517-
dc.description.abstractBilateral trade of geographically distant countries is likely to be negatively affected by the distance separating them from their trading partners and positively affected by their remoteness, defined as the average weighted distance between two countries with weights reflecting the absorptive capacity of the partner country. In presence of competitive transport costs, the effect of remoteness and distance is diluted. An augmented gravity model applied to the Pacific islands’ bilateral trade from 1980 to 2004 shows that a doubling of the elasticity of distance would decrease their average bilateral trade by 80 per cent. Remoteness positively affects the Pacific islands’ bilateral trade, but does not compensate for the negative effect of distance. The opposite is found for the Caribbean islands, where the elasticity of trade with respect to remoteness is eight times bigger than that for the Pacific islands. By lowering transport costs, improved infrastructure fosters trade. A K-means cluster analysis for 30 small island developing states shows that the Pacific islands belong to the clusters with the weaker infrastructure stocks, leaving them with a large scope for improvement.en_US
dc.language.isoengen_US
dc.publisherUNU-WIDER Helsinkien_US
dc.relation.ispartofseriesResearch Paper, UNU-WIDER, United Nations University (UNU) 2007/21en_US
dc.subject.jelC23en_US
dc.subject.jelC24en_US
dc.subject.jelF14en_US
dc.subject.jelO56en_US
dc.subject.jelO57en_US
dc.subject.jelR49en_US
dc.subject.ddc330en_US
dc.subject.keywordbilateral tradeen_US
dc.subject.keywordremotenessen_US
dc.subject.keywordtransport costsen_US
dc.subject.keywordinfrastructureen_US
dc.subject.keywordgravity modelen_US
dc.subject.keywordPacific islandsen_US
dc.subject.stwInternationale Wirtschaftsbeziehungenen_US
dc.subject.stwEntfernungen_US
dc.subject.stwTransportkostenen_US
dc.subject.stwGravitationsmodellen_US
dc.subject.stwInselen_US
dc.subject.stwPazifischer Raumen_US
dc.titlePacific islands' bilateral trade: The role of remoteness and of transport costsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn537396853en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

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