A dissection of trading capital : cultural persistence of trade in the aftermath of the fall of the Iron Curtain

Matthias Beestermöller; Ferdinand Rauch

We show that the countries of the former Austro-Hungarian monarchy trade significantly more with one another in the aftermath of the collapse of the Iron Curtain than predicted by a standard gravity model. This trade surplus declines linearly and monotonically over time. We argue that these findings suggest that decaying cultural forces explain a significant part of trading capital. We document the rate of decay of these cultural forces.

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Year of publication:	2014
Authors:	Beestermöller, Matthias ; Rauch, Ferdinand
Publisher:	München : Univ., Volkswirtschaftl. Fak.
Subject:	Trade \| Gravity \| Culture \| Borders \| Habsburg Empire \| Persistence \| Gravitationsmodell \| Gravity model \| Welt \| World \| Internationale Wirtschaftsbeziehungen \| International economic relations \| Internationale Wirtschaft \| International economy \| Außenhandel \| Foreign trade

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Extent:	Online-Ressource (37 S.) graph. Darst., Kt.
Series:	Münchener Wirtschaftswissenschaftliche Beiträge : VWL ; discussion papers. - München : Univ., ZDB-ID 2296321-2. - Vol. 2014-46
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/104451 [Handle]
Classification:	F14 - Country and Industry Studies of Trade ; F15 - Economic Integration ; N33 - Europe: Pre-1913 ; N34 - Europe: 1913- ; N94 - Europe: 1913-
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010439170