Horsewood, Nicholas; Voicu, Anca Monika - In: Economics - The Open-Access, Open-Assessment E-Journal 6 (2012), pp. 1-28
The paper uses a gravity trade model to examine the impact of corruption on bilateral trade using a data set comprising OECD economies, new EU members and developing nations. Although the level of corruption of both the importing and exporting nations does hinder cross-border transactions,...