• Economics
  • Published 2016

Back to the Future: International Trade Costs and the Two Globalizations

@inproceedings{Fouquin2016BackTT,
  title={Back to the Future: International Trade Costs and the Two Globalizations},
  author={Michel Fouquin and Jules Hugot},
  year={2016}
}
This article provides an assessment of the nineteenth century trade globalization based on a systematic collection of bilateral trade statistics. Drawing on a new data set of more than 1.9 million bilateral trade observations for the 1827-2014 period, we show that international trade costs fell more rapidly than intra-national trade costs from the 1840s until the eve of World War I. This finding questions the role played by late nineteenth century improvements in transportation and liberal… CONTINUE READING

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