1 option
Trade and harmonization : if your institutions are good, does it matter if they are different ? / Ariell Reshef, Roumeen Islam, Research working paper Collection Title:Policy.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications")- Format:
- Book
- Government document
- Author/Creator:
- Reshef, Ariell.
- Series:
- Policy research working papers ; 3907.
- World Bank e-Library.
- Policy research working paper ; 3907
- Language:
- English
- Subjects (All):
- Infrastructure (Economics).
- International trade.
- Other Title:
- Policy research working paper vol. 3907
- Place of Publication:
- [Washington, D.C. : World Bank, 2006]
- System Details:
- data file
- Summary:
- "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.
- Notes:
- Title from PDF file as viewed on 5/8/2006.
- Includes bibliographical references.
- Publisher Number:
- 10.1596/1813-9450-3907
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.