Jacks, David S.; Meissner, Christopher M.; Novy, Dennis - CESifo - 2009
frictions from leading trade theories and use it to gauge the importance of bilateral trade costs in determining international …, Europe, and Oceania for the period from 1870 to 2000 and demonstrate an overriding role for declining trade costs in the pre …. Finally, the entirety of the interwar trade bust is explained by increases in trade costs. …