1 The sample of countries is restricted to the ones in Baier and Bergstrand (2007).
2In this respect, the first edition of the Manual on Statistics of International Trade in Services was issued in 2002 with the aim of provide a coherent conceptual framework given the need for statistics both to guide trade agreements’ negotiations and to support implementation of that agreements. Available at: http://unstats.un.org/unsd/publication/Seriesm/Seriesm_86e.pdf
3 In the appendix there are similar graphs as the ones presented in the first section of this work, but representing the total flows of a country depending of its remoteness. With the Remoteness calculated according to the following formula:
4 The formula to obtain this distance variable was developed by Head and Mayer (2002):
8 The top 5 partners of Canada, China, France and Chile and their shares based on the data used in this work are reported in Table A14 in the Appendix.
9 These shares have been computed considering the sample of 97 countries analyzed in this work. However, since we are covering a large share of the total world economy, it is expected that the main conclusions from this analysis can be similar to the ones considering all the countries.
10 The composite distance measure described in this section considers the values of the independent variables as in 2011. The only variables that are time variant are the regional bloc or trade agreement variable and the ratio of the pc income.