Horsewood, Nicholas; Voicu, Anca Monika - Institut für Weltwirtschaft (IfW) - 2011
The paper uses a gravity model to examine the role of corruption in the direction of trade in a data set comprising … membership of the RTAs does not always increase bilateral trade whereas reducing a country's corruption does tend to increase … trade flows. The results suggest that EU membership, with the associated improvement in the perceived level of corruption …