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Persistent link: https://www.econbiz.de/10010334930
This Paper provides a summary of what is known about trends in international commodity market integration during the second half of the second millennium. The range of goods that have been traded between continents since the Voyages of Discovery has steadily increased over time, and there has...
Persistent link: https://www.econbiz.de/10005791646
The paper provides a comparative history of the economic impact of the Revolutionary and Napoleonic Wars. By focussing on the relative price evidence, it is possible to show that the conflict had major economic effects around the world. Britain's control of the seas meant that it was much less...
Persistent link: https://www.econbiz.de/10005791845
economic activity, especially international trade. Yet nothing is known empirically about these effects in large samples. We … study the effects of war on bilateral trade for almost all countries with available data extending back to 1870. Using the … gravity model, we estimate the contemporaneous and lagged effects of wars on the trade of belligerent nations and neutrals …
Persistent link: https://www.econbiz.de/10008620403
The present thesis is an attempt to solve the first part of a problem, that is, to present the general theory of interregional exchange. It is presented as a direct extension of the general theory of price formation, in accordance with the above views. The study of latter of the problem - that...
Persistent link: https://www.econbiz.de/10005669786
In this paper it is argued that the domestic division of labor and trade is organized according to the same principle … as the international division of labor and trade – the Ricardian comparative advantages. After all, the ultimate source … trade, thus creating a Darwinist society of the survival of the fittest. The least productive individuals and those who face …
Persistent link: https://www.econbiz.de/10005642399
Persistent link: https://www.econbiz.de/10005647082
Observed trade flows provide one metric to gauge the degree of international goods market segmentation. Deviations from … 83 percent. Quantitative multi-country Ricardian models, a la Eaton and Kortum, use data on bilateral trade volumes to … estimate international trade barriers or trade costs. This paper investigates whether the degree of international goods market …
Persistent link: https://www.econbiz.de/10005789910
the effects of capital, labor, digitalization, financial development, natural resources, and trade openness. Utilizing a … roles of capital, labor, financial development, and trade openness in driving economic performance, while digitalization and …
Persistent link: https://www.econbiz.de/10015213839
What determines trade patterns? Habit persistence in consumer tastes and learning-by-doing in production imply that … similarity is a product of history, so that trade patterns are a function of bilateral GDP, current trade costs, and the past … history of trade costs. Using a trade data set which spans from 1870 to 2000, it is shown that many gravity variables operate …
Persistent link: https://www.econbiz.de/10015222416