Cultural proximity increases bilateral trade flows through a trade-cost and a bilateral-affinity (preferences) channel …-invariant, in a gravity model of bilateral trade, the time dimension of the ESC data allows to identify the preferences effect. The … find robust evidence for a sizable preferences effect, the impact of cultural proximity on trade runs largely through the …

. Unilateral decoupling of the EU from China (a doubling of trade costs) would reduce real income in the EU on average by 0 … decline by 1.4 percent (48.4 bn EUR). China would also lose from such a trade war, with real income declining by 1.3 percent …. Should the EU increase its trade barriers against all its non-European trading partners, real income in the Union would fall …

Handel. Exportorientierte Staaten verzeichnen Handelsrückgänge im Vergleich zum Vorjahr zwischen 7.9% in Deutschland bis zu … 24% in Südkorea. Der Handel europäischer Länder untereinander sinkt weniger als mit dem Rest der Welt. Exporte in andere … Amerika, was auf einen längeren Trend des Handelsrückgangs hinweist. Im ersten Quartal 2020 sank Chinas Handel deutlich mit …