This paper examines the trade and trade-induced welfare effects of oil prices. Using a gravity model of trade we find that the distance elasticity of trade significantly increases with the oil price.
This paper examines the trade and trade-induced welfare effects of oil prices. Using a gravity model of trade we find that the distance elasticity of trade significantly increases with the oil price.
Online platform for sharing information & analysis on trade, shipping, ports and the maritime business more info
Sign up to receive our weekly newsletter (each Thursday) with new shipping industry market reports, presentations & analysis.
By signing up, I agree to our TOS and Privacy Policy.
© 2020 GlobalMaritimeHub | All Rights Reserved
SIGN UP to receive our free weekly newsletter with new shipping market reports, presentations & analysis! EVERY THURSDAY!
