transaction costs are taken into account. We show that the impact of transaction costs on the strategies' profitability can … significantly reduces trading costs. Applying a more sophisticated portfolio construction algorithm to lower turnover reduces … trading costs even further. Our finding that reversal strategies generate 30 to 50 basis points per week net of transaction …

transaction costs are taken into account. We show that the impact of transaction costs on the strategies' profitability can … significantly reduces trading costs. Applying a more sophisticated portfolio construction algorithm to lower turnover reduces … trading costs even further. Our finding that reversal strategies generate 30 to 50 basis points per week net of transaction …

We test the hypothesis of the circular causality between trade costs and degree of economic development using data on … sectoral exports to 188 countries over the period 1995-2004. Provincial trade costs are constructed as the sum of five province … trade costs. These costs are influenced by lagged provincial per capita income and industrial structure. In turn, trade …