Edwards, T. Huw - School of Business and Economics, Loughborough University - 2014
recessions tend to lead to falling trade and protectionism. I investigate this, using a model where an important component of … trade is search by rms trying out new trade part- ners. To model this, I set up a schematic model of upstream … together, to avoid trade costs. As trade is liberalised, new North-South matches begin to develop, but at rst these are …
