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The typical narrative regarding the evolution of world trade prior to World War II refers to a secular rise starting …, representing 90% of world GDP, for the period from 1870 to 1949. Our estimates combine historical import and export figures with … of a dramatic rise and fall of world trade over this period. Yet, they indicate that this rise and fall was …
Persistent link: https://www.econbiz.de/10014147283
, Europe, and Oceania for the period from 1870 to 2000 and demonstrate an overriding role for declining trade costs in the pre-World … War I trade boom. In contrast, for the post-World War II trade boom we identify changes in output as the dominant force …
Persistent link: https://www.econbiz.de/10003882603
, Europe, and Oceania for the period from 1870 to 2000 and demonstrate an overriding role for declining trade costs in the pre-World … War I trade boom. In contrast, for the post-World War II trade boom we identify changes in output as the dominant force …
Persistent link: https://www.econbiz.de/10013156494
classified into World-I, World-II and World-III countries. KOF, the Business Cycle Research Institute in the Swiss Federal …
Persistent link: https://www.econbiz.de/10013065266
Long-run cross-country price data exhibit a puzzle. Today, richer countries exhibit higher price levels than poorer countries, a stylized fact usually attributed to the "Balassa-Samuelson" effect. But looking back fifty years, or more, this effect virtually disappears from the data. What is...
Persistent link: https://www.econbiz.de/10014070762
In this paper I theoretically argue that people weigh specialization gains against trade costs when they decide whether to specialize and trade or self-produce all goods by themselves. Trade costs relate to institutional quality. Thus, more people participate in trade under better institutions....
Persistent link: https://www.econbiz.de/10012952116
Was the collapse of world trade between 1928 and 1937 caused by higher transport costs, increased protectionism or the …
Persistent link: https://www.econbiz.de/10012023385
international trade has either begun to decrease or is about to decrease due to changes in the structure of the world economy. This … 2014 to 2016, when world petroleum prices decreased the dollar value of international exports …
Persistent link: https://www.econbiz.de/10014356339
decoupling between the world's two largest economies. Results based on gravity model regressions with high-dimensional fixed … other hand, we find no evidence of an increased regionalisation of world trade since the shock of the COVID-19 pandemic or … the war in Ukraine. Therefore, our results suggest that near-shoring strategies did not have a large impact on world trade …
Persistent link: https://www.econbiz.de/10014437262
industrialzation in Europe and later on in North America changed the pattern of demand in the world market. The two World wars and … Great Depression had shifted the economic power center from Europe to USA. The major political division of the world after … Second World War was an essentially that between the west (led by the United States) and the east (led by the soviet …
Persistent link: https://www.econbiz.de/10014165883