Herrmann-Pillath, Carsten; Libman, Alexander; Yu, Xiaofan - In: Journal of Comparative Economics 42 (2014) 2, pp. 470-492
The aim of the paper is to explicitly disentangle the role of political and cultural boundaries as factors of fragmentation of economies within large countries. On the one hand, local protectionism plays a substantial role in many federations and decentralized states. On the other hand, if the...