Bad roads reduce trade volumes by 18%

Economists from HSE University and the Vienna University of Economics and Business have figured out why, with all else being equal, trading goods across borders can be more expensive than trading the same goods within state borders. They argue that one of the reasons is underdeveloped infrastructure in border regions. Their study was published in the Journal of Urban Economics.

from Phys.org - latest science and technology news stories https://ift.tt/GS5erY0

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