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Trade Costs in the First Wave of Globalization

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NBER2006-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12602
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What drives globalization today and in the past? We employ a new micro-founded measure of bilateral trade costs based on a standard model of trade in differentiated goods to address this question. These trade costs gauge the difference between observed bilateral trade and frictionless trade. They
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2006-10-01
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