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and trade literature. It tests whether the resource sectors’ lower demand for short-term external credit negatively … affects financial development. This is done with cross-sectional and panel analysis, using an instrument for credit demand …’ credit demand drives the detrimental effect of resources on finance. …
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We nest an extended two-way fixed effect (ETWFE) estimator for staggered difference-in-differences within the structural gravity model. To test the ETWFE, we estimate the effects of regional trade agreements (RTAs). The results suggest that RTA estimates in the current gravity literature may be...
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This paper studies the spread of the Black Death as a proxy for the ow of medieval trade between 1346 and 1351. The Black Death struck most areas of Europe and the wider Mediterranean. Based on a modified version of the gravity model, we estimate the speed (in kilometers per day) of transmission...
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