Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19369 
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dc.contributor.authorBorrmann, Axelen
dc.contributor.authorBusse, Matthiasen
dc.contributor.authorNeuhaus, Silkeen
dc.date.accessioned2009-01-28T15:57:36Z-
dc.date.available2009-01-28T15:57:36Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/19369-
dc.description.abstractWhile theoretical models suggest that trade is likely to increase productivity and income levels, the empirical evidence is rather mixed. For some countries, trade has a strong impact on growth, whereas for other countries there is no or even a negative linkage. We examine one likely prerequisite for a welfare increasing impact of trade, that is, the role of institutional quality. Using several model specifications, including an instrumental variable approach, we identify those aspects of institutional quality that matter most for the positive linkage between trade and growth. We find that, above all, labour market regulation is the key to reducing trade-related adjustment costs. Market entry regulations, the efficiency of the tax system, the rule of law and government effectiveness do play a role too. In essence, the results demonstrate that countries with low-quality institutions are less likely to benefit from trade.en
dc.language.isoengen
dc.publisher|aHamburg Institute of International Economics (HWWA) |cHamburgen
dc.relation.ispartofseries|aHWWA Discussion Paper |x341en
dc.subject.jelP48en
dc.subject.jelL51en
dc.subject.jelF16en
dc.subject.jelO17en
dc.subject.ddc330en
dc.subject.keywordTradeen
dc.subject.keywordIncome Levelsen
dc.subject.keywordInstitutional Qualityen
dc.subject.keywordRegulationsen
dc.subject.keywordGood Governanceen
dc.subject.stwAußenwirtschaften
dc.subject.stwWirtschaftswachstumen
dc.subject.stwEinkommenseffekten
dc.subject.stwGood Governanceen
dc.subject.stwNeue Institutionenökonomiken
dc.titleInstitutional Quality and the Gains From Trade-
dc.typeWorking Paperen
dc.identifier.ppn510326862en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:hwwadp:341en

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