How well does observable trade data measure trade friction costs? Evidence from member countries within the Economic Community of West African States (ECOWAS)
This paper is an empirical application of the micro-founded measure of trade costs by Head and Mayer (2004) and Novy (2013). The derived micro-founded measure, consistent with the Ricardian and heterogeneous firm’s models of trade, captures all trade costs components that hitherto have been impossib...
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| Format: | Article |
| Language: | English |
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Atlantis Press
2018-11-01
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| Series: | Journal of African Trade |
| Online Access: | https://www.atlantis-press.com/article/125905684/view |