Why is there international trade in newspapers? Why do even very small countries both import from and export to large nations? New trade models founded on transport costs and increasing returns fail to explain the high degree of bilateral trade in cultural goods like newspapers and periodicals....

Why are immigration and trade flows positively related? While many studies have documented this complementary relationship, we cannot definitively say what factors drive this relationship. On one hand, migration leads to the formation of social networks across borders, driving down trade costs....