The key result of the so-called "New Trade Theory" is that countries gain from falling trade costs by an increase in … second result is a major issue for anti-trade activists who criticize the move towards free trade as promoting … trade costs induces additional varieties to export and drives out some non-exported varieties, these modifications result in …

The paper presents the dynamics of trade diversity with respect to stages of development in the European context. The … (Imbs and Wacziarg, 2003), EU27 countries are characterized by high degree of trade diversity (on average, EU27 countries … of them registered a reconcentration of trade structures. Obtained estimation results confirm positive relationship …