Behrens, Kristian; Corcos, Gregory; Mion, Giordano - Centre Interuniversitaire sur le Risque, les Politiques … - 2011
We investigate the dramatic 2008-2009 trade collapse using microdata from a small open economy, Belgium. Belgian trade … as exports-to-production and imports-to-production – ratios reveal a comparable collapse of domestic and cross … in demand and not a crisis of Belgian cross-border trade per se. …