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A dissection of trading capital: trade in the aftermath of the fall of the Iron Curtain

Abstract:

We study trade in Europe after the fall of the Iron Curtain, and show that the countries of the former AustroHungarian monarchy trade significantly more with one another after 1989 than predicted by a standard gravity model. Cultural trading capital, established under Habsburg rule and maintained in the period of the Iron Curtain, seems to have survived over four decades of separation and gives an initial boost to trade. This surplus trade disappeared rapidly after 1990 as countries rearrange...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Accepted Manuscript

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Publisher copy:
10.1017/S0022050718000189

Authors


Beestermoeller, M More by this author
More by this author
Institution:
University of Oxford
Division:
Social Sciences Division
Department:
Economics
Oxford college:
Brasenose College
Publisher:
Cambridge University Press Publisher's website
Journal:
Journal of Economic History Journal website
Volume:
78
Issue:
2
Pages:
358-393
Publication date:
2018-06-29
Acceptance date:
2017-10-28
DOI:
EISSN:
1471-6372
ISSN:
0022-0507
Pubs id:
pubs:739066
URN:
uri:bb866763-c1c9-47e7-a11b-6b710d6e28d7
UUID:
uuid:bb866763-c1c9-47e7-a11b-6b710d6e28d7
Local pid:
pubs:739066

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