Ineffective institutions increase transaction costs and reduce trade. This paper shows that differences in the … effectiveness of institutions offer an explanation for the tendency of OECD countries to trade disproportionately with each other …

-95. Estimation results suggest that (particularly state) institutions are significant for growth and, especially, foreign direct … investment (FDI), the latter in turn being important for the former. It is also found that the correlation between institutions … growth performance in transition countries than institutions per se. This suggests that macroeconomic stabilization and peace …

estimate gravity equations to investigate how trade patterns are affected by variation in the quality of institutions across … countries. The results show that institutions matter most for trade in differentiated goods. This variation in the importance of …

restructuring, ownership, competition, budget constraints and, particularly, institutions in Russian industry, covering the period … relatively positive assessment of formal and informal institutions respectively, and largely the same ruling networks as before …) reform has been accomplished. That is: stronger competition and better institutions go with more restructuring, while …

This paper studies the effect of institutions on trade flows, using a gravity model approach. We start from a standard …-18%. Furthermore, a better quality of formal institutions tends to coincide with more trade. An increase in regulatory quality of one …

, economic resources, and to documented cross-national variation in labor market and social security institutions. Differential …

Immigration is a phenomenon of growing significance in many countries. Increasing social tensions are leading to … countries has been exceeded and social cohesion threatened. There is also in public discourse a common perception of immigration … immigration on labour market outcomes. Applying meta-analytic techniques to 165 estimates from 9 recent studies for various OECD …