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contains a thorough exploration of parameter heterogeneity by income and by region. -- Trade ; Democracy ; Gravity Equation …
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There has been a wide debate on whether democracy actually has an effect on economic outcomes, and especially on … quantiles, especially for the import activity. Our results suggest that the impact of democratization on trade is more important … when countries trade less: the marginal benefit of democratization decreases as countries trade more. This feature supports …
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The literature has paid very little attention to a potential positive endogenous nexus between trade globalization and political liberalization. In this paper, I apply a structural approach to investigate two-way causality between the two based on the gravity trade theory, using data from a...
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peace ; democracy …
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