Working paper
A dissection of trading capital: cultural persistence of trade in the aftermath of the fall of the Iron Curtain
- Abstract:
- 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 findings suggest that decaying cultural forces explain a significant part of trading capital. We document the rate of decay of these cultural forces.
- Publication status:
- Published
Actions
Access Document
- Files:
-
-
(Preview, Version of record, pdf, 422.5KB, Terms of use)
-
Authors
- Publisher:
- University of Oxford
- Series:
- Department of Economics Discussion Paper Series
- Publication date:
- 2014-08-13
- Paper number:
- 718
- Keywords:
- Pubs id:
-
1143686
- Local pid:
-
pubs:1143686
- Deposit date:
-
2020-12-15
- ARK identifier:
Terms of use
- Copyright date:
- 2014
- Rights statement:
- Copyright 2014 The Author(s)
If you are the owner of this record, you can report an update to it here: Report update to this record