Jacks, David S.; Meissner, Christopher M.; Novy, Dennis - In: Explorations in Economic History 47 (2010) 2, pp. 127-141
What factors drove globalization in the late 19th century? We employ a new micro-founded measure of bilateral trade costs based on a standard model of trade in differentiated goods to address this question. These trade costs gauge the difference between observed bilateral trade and frictionless...
