Fidrmuc, Jan; Fidrmuc, Jarko - C.E.P.R. Discussion Papers - 2000
The gravity model of trade is utilized to assess the impact of disintegration on trade. The analysis is based on three … recent disintegration episodes involving the former Soviet Union, Yugoslavia and Czechoslovakia. The results point to a very … strong home bias around the time of disintegration, with intra-union trade exceeding normal trade approximately 43 times in …