Felbermayr, Gabriel; Steininger, Marina - In: Jahrbücher für Nationalökonomie und Statistik 239 (2019) 5-6, pp. 917-956
When, about twenty years ago, the Euro was created, one objective was to facilitate intra-European trade by reducing … transaction costs. Has the Euro delivered? Using sectoral trade data from 1995 to 2014 and applying structural gravity modeling … trade effect for goods of almost 8 percent, but a much smaller effect for services trade. Digging deeper, we detect …
