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 …

Existing literature repeatedly documented a strong correlation between trade and growth. It has also shown a causal … also because of potential second best world effects and the implied endogeneity of trade policy. Policy recommendations for …

Several empirical papers have shown that international trade has a positive causal effect on a country's GDP or growth … rate. A common conclusion from these results is that a free trade policy will increase a country's GDP. This comment does …

both advanced and developing economies; and for the influence of shifts in the terms of trade …

s until the 1990s. Trade events, such as fairs and product shows, became one of the few venues for sustained links and … created shared expectations about economic progress and living standards. The book reveals how intra-German and European trade … industrial design, economic structures, corporate ethos, trade, economic foreign policy and consumer culture, all of which are …

We are at the moment, the first in seventy-five years, where there is no international consensus in support of trade …. Indeed, trade is unloved, unsupported, and even unwanted. There is no shortage of topics in the rhetoric of trade complaints … of these complaints, none of them negate the central truth of trade: countries that engage in trade move ahead, and those …