context of international trade. An influential hypothesis states that export pioneers are too few relative to social optimum …

We document a novel stylized fact: Using data for several countries, we show that export activity is disproportionately … raises not only the aggregate productivity of the economy but also its aggregate export intensity, by allowing more firms to …

This paper examines the consequences of the 2015 reform on the London fixing in the interbank forex market, which …

Using newly-constructed spatially-disaggregated data for London from 1801-1921, we show that the invention of the steam … find that removing the entire railway network reduces the population and the value of land and buildings in London by up to … 51.5 and 53.3 percent respectively, and decreases net commuting into the historical center of London by more than 300 …