Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would … suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the …

verhältnismäßig großer Bevölkerung und Landfläche beschrieben werden, die eine dominante Rolle im Handel der Region und der regionalen … and land area which plays a dominant role in trade within the region and in the regional governance. The regional power …

realize enhanced gains from trade also depended upon the political status of regional economies operating and interacting … (through trade in commodities, capital flows, labour migration and the diffusion of useful knowledge) within a global economy …

Trade in intermediate goods as one possible link between rising trade and foreign direct investment is examined. To … explain growing intermediate goods trade, three hypotheses are brought forward: outsourcing, global sourcing and the … reason of growing trade in intermediate goods in the cross-section and the time-series framework. The evidence for …

disaggregated bilateral trade flows around the globe. We categorise goods into three groups: fragmented, primary and other. The … how exogenous variation in countries trade patterns influences the quality of institutions. Our regressions show that … trade flows generated by fragmented and other processes of production improve rule of law, while trade flows generated by …