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Abstract
Using data from U.S. commodity flow survey, we show that the historical Union-Confederacy border lowers contemporaneous trade between U.S. states by about 13%. The finding is robust over econometric models, survey waves, or aggregation levels. Including contemporaneous controls, such as network or institutional variables, lowers the estimate only slightly. Historical variables, such as slavery, do not explain the effect. Adding U.S. states unaffected by the Civil War, we argue that the friction is not merely reflecting unmeasured North-South differences. Finally, the border effect is larger for differentiated than for homogeneous goods, stressing the potential role for cultural factors and trust
Dokumententyp: | Zeitschriftenartikel |
---|---|
Fakultät: | Volkswirtschaft
Volkswirtschaft > Lehrstühle > CESifo-Professur für Außenwirtschaft |
Themengebiete: | 300 Sozialwissenschaften > 330 Wirtschaft |
JEL Classification: | F15, N72, N92, Z10 |
Sprache: | Englisch |
Dokumenten ID: | 20587 |
Datum der Veröffentlichung auf Open Access LMU: | 15. Apr. 2014, 09:00 |
Letzte Änderungen: | 04. Nov. 2020, 13:01 |
Alle Versionen dieses Dokumentes
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Within US Trade and the Long Shadow of the American Secession. (deposited 15. Apr. 2014, 09:00)
- Within U.S. trade and the long shadow of the american secession. (deposited 15. Apr. 2014, 09:00) [momentan angezeigt]