It has been widely argued that, with the decline in trade costs (e.g., transport and communication costs), the importance of distance has declined over time. This paper examines the evolution of the geographic profile of countries' trade by studying the evolution of their distance of trade (DOT)...

It has been widely argued that, with the decline in trade costs, the importance of distance has declined over time. On the other hand, most gravity models find that the importance of distance on bilateral trade has increased over time. This puzzle is examined here. The paper develops a new...

Gravity as both fact and theory is one of the great success stories of recent research on international trade, and has featured prominently in the policy debate over Brexit. We first review the facts, noting the overwhelming evidence that trade tends to fall with distance. We then introduce some...

It has been widely argued that, with the decline in trade costs (for example, transport and communication costs), the importance of distance has declined over time. If so, this would be a boon for countries located far from the main centers of economic activity. The authors examine the evolution...