کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
967969 931427 2012 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Trade liberalization and institutional development
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Trade liberalization and institutional development
چکیده انگلیسی

Recent research shows that the majority of cross-national variation in institutions is related to history. The within variation however is somewhat less explored. Using panel data covering the periods 1865–1940 and 1980–2000 and 31 and 103 countries respectively, we find that the within variation in economic institutions (namely property rights and contracts) can be explained by trade liberalization. To address endogeneity concern we use export partner growth and rainfall as instruments for trade liberalization and log GDP per capita respectively and estimate our model using Limited Information Maximum Likelihood (LIML) Fuller estimation method. Our basic result holds after controlling for country fixed effects, time varying common shocks, and various additional covariates. It is also robust to various alternative measures of liberalization and institutions, as well as across different samples.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Policy Modeling - Volume 34, Issue 2, March–April 2012, Pages 253–269
نویسندگان
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