Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would … suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the …

How much does a nation spend on resources to 'grease the wheels of trade'? To examine this question the Dutch economy … seventeenth century from successes in long distance trade, shipping and financial innovations. Despite its historical background … remain important, suggesting that face-to-face trade remains an important element of modern transactions. In contrast to the …

of trade. Regression results suggest that import protection makes income distribution worse for countries in labor …

This paper studies the intangible costs of international trade by extending the basic gravity equation with measures of … cultural and institutional distance, and institutional quality. Analyzing a sample of bilateral trade flows between 92 … countries in 1999, we find that institutional distance has a negative effect on bilateral trade, presumably because the …

- innovation and trade - are in danger of being compromised by the COVID-19 pandemic, under conditions increasingly reminiscent of … concentration and dominance, and the multilateral trade system had been buckling under pressure from a return to mercantilist ideas … industrial revolution (4IR) to a premature end. Hence the post-COVID-19 world may be left with trade as the only engine for …

This paper examines the linkages between the trade of goods and financial assets. Do both flows behave as complements … macroeconomics, the empirical evidence has remained relatively scarce so far, in particular for the Euro area where trade and … from 2002-2012, to test the so-called trade-finance nexus. Since theoretical models stress that both flows might be …

trade contributes to economic growth, this could, in turn, impede economic development. Despite extensive literature on the … migration-trade nexus, there are few examples of policymakers highlighting the role of migration for internationalization. One …

targets of inclusive development via trade facilitation, and regional integration, the paper argues that given the Covid-19 … setback full potential depends on trade-led spillover benefits and structural factors. Our objective is to show that: given … preferential access trade agreement--the ricochet effect of the trade-induced productivity benefits via intermediates in the …