Mehl, Arnaud; Schmitz, Martin; Tille, Cédric - 2019
addition to its well-established relevance for the level of trade. A simple model of trade with endogenous markups shows that … demand shocks have a larger impact on trade between more distant countries. We test this implication in two steps, relying on …, linguistic, and internet). We first show that during the Great Trade Collapse of 2007-09 international transactions fell more …