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dc.contributor.authorJacks, David S.en_US
dc.contributor.authorMeissner, Christopher M.en_US
dc.contributor.authorNovy, Dennisen_US
dc.date.accessioned2009-10-05en_US
dc.date.accessioned2010-05-14T08:23:48Z-
dc.date.available2010-05-14T08:23:48Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30665-
dc.description.abstractWhat has driven trade booms and trade busts in the past and present? We derive a micro-founded measure of trade frictions from leading trade theories and use it to gauge the importance of bilateral trade costs in determining international trade flows. We construct a new balanced sample of bilateral trade flows for 130 country pairs across the Americas, Asia, 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. Finally, the entirety of the interwar trade bust is explained by increases in trade costs.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2767en_US
dc.subject.jelF10en_US
dc.subject.jelF15en_US
dc.subject.jelN10en_US
dc.subject.jelN70en_US
dc.subject.ddc330en_US
dc.subject.stwAußenwirtschaften_US
dc.subject.stwInternationale Wirtschaftsbeziehungenen_US
dc.subject.stwTransaktionskostenen_US
dc.subject.stwAußenhandelsgeschichteen_US
dc.subject.stwWelten_US
dc.titleTrade booms, trade busts, and trade costsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn609971336en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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