Hafner, Kurt A.; Kleinert, Jörn; Spies, Julia - In: The World Economy 46 (2022) 3, pp. 560-597
according to two characteristics: the distance between two locations and the endogenous firm decision to invest in … transportation. A simulation exercise reveals that ignoring the effect of the investment decision on transport costs biases empirical …. Our estimation results confirm that transport prices are influenced by both the distance and the level of exports between …