We undertake a trade-growth accounting exercise by decomposing data on changes in bilateral international trade flows into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect components (general equilibrium effects). Furthermore,...

Institutions, such as contract enforcements and rule of law, are arguably one of the most important determinants of economic development. This paper exploits the insight into the relation between geography and economies of scale and investigates how the market size and international trade affect...

The UN Declaration of 24 September 2012 reaffirming the commitment of Heads of State and Government to the Rule of Law reflects the current uneasiness accompanying the application of just the concept. This short paper argues that it is due to discrepancies in its worldwide understanding and to...

During the past decades, corporate law and corporate governance debates have generally been skeptical of elements of economic ‘Nationalism’ or ‘protectionism.’ Arguably, globalization and convergence in corporate governance have resulted in a reduction of protectionist policies. However,...

This article suggests that Israeli purchase tax – a major component of commercially imported cars' taxation – involves elements that may be considered incompatible with Israel's commitments in international trade agreements, including its association agreement with the EU, and thus its...

This short paper argues that in the next decades we are likely to see a fundamental separation in the form and contents of the international rule of law. In a sizeable, but relatively small group of states, international law transforms itself from its international roots and interconnects and...