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. The outbreak of COVID-19 has impacted fundamentally the functioning of States, their democratic institutions and legal …
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Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade … liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to … comparative advantage, expanding the industries that do not rely on contracting institutions in less developed countries. The …
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dimensions of institutional efficiency, namely efficiency of institutions, type of regulation, effective rule of law and level of … efficiency, its national culture, and its innovation framework. This paper reflects upon the factors that influence national …
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