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The WTO's Trade Facilitation Agreement (TFA) is an important agreement that aims to simplify and simplify trade procedures, lower trade costs and increase transparency and predictability in global trade. For Bangladesh, a highly export-dependent developing country, TFA offers significant...
Persistent link: https://www.econbiz.de/10014344479
We consider 134 countries during the period 1984-2019 and find a significant positive relation between Rule of Law (law and order provided by police and courts, respect for private property rights) and GDP per capita. Notably, this positive relation is getting stronger with time. This positive...
Persistent link: https://www.econbiz.de/10013251673
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This paper documents that resource reallocation across firms is an important mechanism through which creditor rights affect real outcomes. I exploit the staggered adoption of an international convention that provides globally consistent strong creditor protection for aircraft finance. After this...
Persistent link: https://www.econbiz.de/10012668205
An increasing amount of literature links the quality of institutions and governance to economic performance across the economies. In this respect, the maintenance of rule of law plays a critical role, for it encourages growth, investments and innovations, and firm growth and business...
Persistent link: https://www.econbiz.de/10012848053
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relationships. Firstly, international arbitration's effectiveness and affinity with multilateral institutions. Second, international …
Persistent link: https://www.econbiz.de/10012423547
In this paper, we examine the effects of international arbitration on GDP growth in Latin American countries. After … reviewing the literature on the importance of arbitration from an economic standpoint, and by using a panel regression that … allows us to control for country effects, we found that international arbitration has a positive effect on economic growth …
Persistent link: https://www.econbiz.de/10012907377
South Korea, an established industrial economy, has quietly broadened and deepened its democracy, and is presently building new, innovative governance processes into its institutions. This article examines South Korea's implementation of new governance processes, specifically, its growing use of...
Persistent link: https://www.econbiz.de/10014182722