Abstract
Trade costs refer to the additional costs paid potentially by the final consumer of a good or service beyond the price at which a producer sells a good. In international trade, such costs may include the transport cost from origin to destination, taxes (or tariffs) imposed by importing nations’ governments, the costs of infrastructure to facilitate trade, the costs of communications, and foreign exchange costs.
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Bergstrand, J.H. (2018). Trade Costs. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2137
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2137
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