Europe is deeply integrated into global value chains and recent trade tensions raise the question of how European economies would be affected by the introduction of tariffs or other trade barriers. This paper estimates the impact of trade shocks and growth spillovers using value added measures...

Klappentext: Early modern trade and shipping through the Danish Sound has attracted the interest of many historians since a long time. A prominent reason for this is that the route via the Sound connected Europe?s main economies with the economically important Baltic Sea region. The other reason...