Braml, Martin T.; Felbermayr, Gabriel J. - In: International Tax and Public Finance 29 (2021) 5, pp. 1075-1097
The world runs a trade surplus with itself: the reported values of exports exceed the reported values of imports. This is logically impossible but a well-known empirical fact. Less well-known is the fact that, in recent years, the EU has a trade surplus with itself that amounts to more than 80%...