Linders, Gert-Jan M.; Slangen, Arjen; Groot, Henri L. F. de - 2005
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 … distance has a positive effect on bilateral trade. A potential explanation for this finding is that firms prefer trade to host …