Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would … suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the …

verhältnismäßig großer Bevölkerung und Landfläche beschrieben werden, die eine dominante Rolle im Handel der Region und der regionalen … and land area which plays a dominant role in trade within the region and in the regional governance. The regional power …