The tyranny of distance and the gravity of resources
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 distan...
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| Format: | Article |
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Wiley
2017
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| Online Access: | https://eprints.nottingham.ac.uk/47922/ |
| _version_ | 1848797649907482624 |
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| author | Robertson, Peter E. Robitaille, Marie-Claire |
| author_facet | Robertson, Peter E. Robitaille, Marie-Claire |
| author_sort | Robertson, Peter E. |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T20:07:14Z |
| format | Article |
| id | nottingham-47922 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T20:07:14Z |
| publishDate | 2017 |
| publisher | Wiley |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-479222020-05-04T19:02:52Z https://eprints.nottingham.ac.uk/47922/ The tyranny of distance and the gravity of resources Robertson, Peter E. Robitaille, Marie-Claire 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. Wiley 2017-08-30 Article PeerReviewed Robertson, Peter E. and Robitaille, Marie-Claire (2017) The tyranny of distance and the gravity of resources. Economic Record . ISSN 0013-0249 Energy Geography Gravity Model International Trade Resources. https://doi.org/10.1111/1475-4932.12368 doi:10.1111/1475-4932.12368 doi:10.1111/1475-4932.12368 |
| spellingShingle | Energy Geography Gravity Model International Trade Resources. Robertson, Peter E. Robitaille, Marie-Claire The tyranny of distance and the gravity of resources |
| title | The tyranny of distance and the gravity of resources |
| title_full | The tyranny of distance and the gravity of resources |
| title_fullStr | The tyranny of distance and the gravity of resources |
| title_full_unstemmed | The tyranny of distance and the gravity of resources |
| title_short | The tyranny of distance and the gravity of resources |
| title_sort | tyranny of distance and the gravity of resources |
| topic | Energy Geography Gravity Model International Trade Resources. |
| url | https://eprints.nottingham.ac.uk/47922/ https://eprints.nottingham.ac.uk/47922/ https://eprints.nottingham.ac.uk/47922/ |