Kortum, Samuel S.; Eaton, Jonathan; Neiman, Brent; … - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2010
The ratio of global trade to GDP declined by nearly 30 percent during the global recession of 2008-2009. This large drop in international trade has generated significant attention and concern. Did the decline simply reflect the severity of the recession for traded goods industries? Or...