Institutions, such as contract enforcements and rule of law, are arguably one of the most important determinants of economic development. This paper exploits the insight into the relation between geography and economies of scale and investigates how the market size and international trade affect...

In 2013, the European Union and United States initiated a new political dialogue regarding a further deepening of bilateral trade and investment relations, the TTIP (Transatlantic Trade and Investment Partnership). In some member states, anti-TTIP street protests and political activists received...

We examine the determinants of financial development in Asia and the Pacific from 1995 to 2011. To do so, we apply the dynamic generalized method of moments to a panel data set of 26 economies in the region. We find that better governance and institutional quality foster financial development in...

This study attempts to fill the prior knowledge gap in the nexus between trade openness and economic growth in Nigeria by incorporating the role of institutional quality. The study covers the period from 1984 to 2017 and employs three indicators of trade openness including total trade, import...

To study how financial development depends on trade openness and different types of institutions, we present a political economy model in which the elite can repress the financial market at some cost. The elite can persuade the government to set an interest rate ceiling, and it can then channel...

This paper examines the impact of trade and political institutions on environmental quality in Africa and explores whether political institutions matter to the trade-environment relationship. We use data from a large group of African countries, covering the period 1990-2008 and two indicators of...

Although the extant literature on agricultural trade analyzes the effects of various factors on agricultural trade, only a limited number of studies focus on the role of institutional quality and institutional quality distance on agricultural trade particularly between developing countries...