A dissection of trading capital: cultural persistence of trade in the aftermath of the fall of the Iron Curtain
We show that the countries of the former Austro-Hungarian monarchy trade significantly more with one another in the aftermath of the collapse of the Iron Curtain than predicted by a standard gravity model. This trade surplus declines linearly and monotonically over time. We argue that these findin...
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| Format: | Working paper |
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University of Oxford
2014
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