EconPapers    
Economics at your fingertips  
 

A Dissection of Trading Capital: Trade in the Aftermath of the Fall of the Iron Curtain

Matthias Beestermöller and Ferdinand Rauch ()

Munich Reprints in Economics from University of Munich, Department of Economics

Abstract: We study trade in Europe after the fall of the Iron Curtain, and show that the countries of the former Austro-Hungarian 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 rearranged themselves with the new geopolitical circumstances. We document the rate of decay of these forces.

Date: 2018
New Economics Papers: this item is included in nep-his and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Published in Journal of Economic History 2 78(2018): pp. 358-393

Downloads: (external link)
https://epub.ub.uni-muenchen.de/62871/1/62871.pdf (application/pdf)

Related works:
Journal Article: A Dissection of Trading Capital: Trade in the Aftermath of the Fall of the Iron Curtain (2018) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lmu:muenar:62871

Access Statistics for this paper

More papers in Munich Reprints in Economics from University of Munich, Department of Economics Ludwigstr. 28, 80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Tamilla Benkelberg ().

 
Page updated 2020-08-05
Handle: RePEc:lmu:muenar:62871