Long-distance chat on distance to market

Finally got James and Gulnara available at the same time to chat about something - namely distance to market, the implications of being “far away” from the rest of the world on income and productivity, and the paradox of the UK.

The pieces mentioned in the chat were:

• NZ Productivity Commission/OECD report.

• GNI by country via Wikipedia.

• Australian Treasury Remoteness piece.

• Van Reenan and Yang piece.

• Definition of Kaldor-Hicks (note this fun discussion of welfare principles and history I was considering posting on).

• Dynamic Comparative Advantage.