by Henrik Braconier and Mauro Pisu, Voxeu.org Despite substantial integration, national borders still provide a large obstacle to trade in Europe. This column shows that much of these ‘iceberg costs’ can be attributed to underdeveloped infrastructure, namely roads. Improving international roadways to the level of national ones could substantially raise gains to trade.
Written by Steven Hansen A quick recap to the January 2014 trade data released today shows a mixed picture of the economy – with the unadjusted data saying import growth decelerated month-over-month.
by Reverse Engineer, Doomstead Diner Published on the Doomstead Diner on 02 March 2014
Written by Doug Short and Steven Hansen The second estimate of fourth quarter 2013 Real Gross Domestic Product (GDP) is now a positive 2.4%. The market expected GDP at 2.2% to 2.8% (consensus 2.5%). This data point was 3.2% in the advance GDP estimate.
Written by Steven Hansen Export and Import container counts were mixed in January 2014. However, rolling averages were accelerating despite this mixed data.