Sato, Misato; Antoine Dechezlepr�tre - Grantham Research Institute on Climate Change and the … - 2015
This paper measures the response of bilateral trade flows to differences in industrial energy prices across countries. Using a panel for the period 1996-2011 including 42 countries, 62 sectors and covering 60% of global merchandise trade, we estimate the short-run effects of sector-level energy...