Format:
1 Online-Ressource
Edition:
Online-Ausg Also available in print
Series Statement:
Policy research working paper 3907
Content:
"Good institutional quality (function) and similar institutional design (form) can promote international trade by reducing transactions costs. The authors evaluate the relative importance of function versus form in a gravity model, using an indicator of different legal systems as a proxy for differences in form, together with indicators of overall institutional quality. They find that good institutions promote trade much more than similar legal systems and have much more explanatory power. This effect is economically large-up to 10 times the effect of different legal systems. Moreover, better infrastructure matters as much as good institutions. "--World Bank web site
Note:
Includes bibliographical references
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Title from PDF file as viewed on 5/8/2006
Additional Edition:
Reshef, Ariell Trade and harmonization
Language:
English
URL:
Volltext
(URL des Erstveröffentlichers)
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