2017-09-22
Institutions and International Trade
Publication
Publication
Institutions have increasingly appeared in the literature on trade and previous findings suggest a causal and positive relationship. To expand the current base of literature in this field, a panel data approach was taken and a fixed effects model was used. The main analysis of 152 countries over a 20 year time-span (1996-2015) finds an overwhelmingly positive significant relationship between institution and trade. Additionally, an instrument variable approach was taken, using a random effects model and a much smaller sample to avoid endogeneity of institutions and prove causality, which resulted in insignificant results however. Overall, the coefficients for exports are larger than for imports, indicating a stronger relationship.
Additional Metadata | |
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Bosker, E.M. | |
hdl.handle.net/2105/41369 | |
Business Economics | |
Organisation | Erasmus School of Economics |
Soto Moreno, Jonathan A. (2017, September 22). Institutions and International Trade. Business Economics. Retrieved from http://hdl.handle.net/2105/41369
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