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http://hdl.handle.net/10419/19369
  

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dc.contributor.authorBorrmann, Axelen_US
dc.contributor.authorBusse, Matthiasen_US
dc.contributor.authorNeuhaus, Silkeen_US
dc.date.accessioned2009-01-28T15:57:36Z-
dc.date.available2009-01-28T15:57:36Z-
dc.date.issued2006en_US
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_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesHWWA Discussion Paper 341en_US
dc.subject.jelP48en_US
dc.subject.jelL51en_US
dc.subject.jelF16en_US
dc.subject.jelO17en_US
dc.subject.ddc330en_US
dc.subject.keywordTradeen_US
dc.subject.keywordIncome Levelsen_US
dc.subject.keywordInstitutional Qualityen_US
dc.subject.keywordRegulationsen_US
dc.subject.keywordGood Governanceen_US
dc.subject.stwAußenwirtschaften_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwEinkommenseffekten_US
dc.subject.stwGood Governanceen_US
dc.subject.stwNeue Institutionenökonomiken_US
dc.titleInstitutional Quality and the Gains From Tradeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn510326862en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:hwwadp:341-
Appears in Collections:HWWA Discussion Paper, Hamburgisches Welt-Wirtschafts-Archiv

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