Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/96819 
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper No. 4766
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
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.
Subjects: 
international trade
trade costs
transportation revolution
fertility
economic growth
JEL: 
F11
F43
J10
N30
O40
Document Type: 
Working Paper
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