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Long live globalization: geopolitical shocks and international trade by Serhan Cevik
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International Economics and Economic Policy, April 2025
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Are we really witnessing the death of globalization caused by geopolitical fragmentation? Using an extensive dataset, I develop an augmented gravity model of bilateral trade flows among 59,049 country-pairs over the period 1948–2021 and find that the much-debated geopolitical distance between countries has contradictory and...
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