Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54184
Authors: 
Horsewood, Nicholas
Voicu, Anca Monika
Year of Publication: 
2011
Series/Report no.: 
Economics Discussion Papers 2011-53
Abstract: 
The paper uses a gravity model to examine the role of corruption in the direction of trade in a data set comprising OECD economies, new EU members and developing nations. Contrary to a number of studies, the findings suggest that membership of the RTAs does not always increase bilateral trade whereas reducing a country's corruption does tend to increase trade flows. The results suggest that EU membership, with the associated improvement in the perceived level of corruption, should have a positive impact on Romania and Bulgaria.
Subjects: 
trade
corruption
EU membership
JEL: 
F14
F15
Creative Commons License: 
http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
Document Type: 
Working Paper

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