Santacreu, Ana Maria; Dutt, Pushan; Traca, Daniel - Federal Reserve Bank of St. Louis - 2014
In this paper, we establish the importance of experience in international trade for reducing trade costs and …-pair level reduces trade costs by 2.0% and increases bilateral exports by 8%. The effect of experience is stronger for country …-experience reduces trade costs, our empirical results imply that benefits of experience are shared industry-wide and that experience …