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This paper studies the intangible costs of international trade by extending the basic gravity equation with measures of … cultural and institutional distance, and institutional quality. Analyzing a sample of bilateral trade flows between 92 … countries in 1999, we find that institutional distance has a negative effect on bilateral trade, presumably because the …
Persistent link: https://www.econbiz.de/10011346486
Persistent link: https://www.econbiz.de/10013329859
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procurement in Russia and points at directions for future research based on narrative economics. Outlining the present knowledge …
Persistent link: https://www.econbiz.de/10012800107
disaggregated bilateral trade flows around the globe. We categorise goods into three groups: fragmented, primary and other. The … how exogenous variation in countries trade patterns influences the quality of institutions. Our regressions show that … trade flows generated by fragmented and other processes of production improve rule of law, while trade flows generated by …
Persistent link: https://www.econbiz.de/10011516584
́institutional framework and their trading activity. In our analysis, we investigate the relationship between institutions and trade … examine the long-run effects of the political institutional framework on trade for a panel of 87 countries for the period from …
Persistent link: https://www.econbiz.de/10011436785
institutional quality foster financial development in developing economies while economic growth and trade openness are key …
Persistent link: https://www.econbiz.de/10013009668
This study attempts to fill the prior knowledge gap in the nexus between trade openness and economic growth in Nigeria … indicators of trade openness including total trade, import trade, and export trade. Cointegration among the variables is examined … estimates suggest that export trade has a significant positive impact on economic growth while the impact of import trade on …
Persistent link: https://www.econbiz.de/10013183741
the institutional environment on international trade. Additionally, we address the heterogeneous effect of trade … institutional quality of trade agreements leads to an increase in both the intensive and the extensive margins of trade. The … institutional quality of trade agreements exerts a differential effect on regional exports at different locations within a country …
Persistent link: https://www.econbiz.de/10011614253
Many scholars are concerned with why the U.S. and Canada have been so much more successful over time than other New World economies. Since all New World societies enjoyed high levels of product per capita early in their histories, the divergence in paths can be traced back to the achievement of...
Persistent link: https://www.econbiz.de/10012473960