Matzner, Anna Hilda; Meyer, Birgit; Oberhofer, Harald - 2023
This paper analyses the direct and indirect trade volume and trade cost effects of uncertainty on international trade … to 2018. Our results suggest that an increase in unilateral uncertainty affects average trade costs in a heterogeneous …-sectional gravity approach, we show that an uncertainty shock directly reduces cross-border trade flows. The paper illustrates the …