Trade and Harmonization : If Your Institutions are Good, Does it Matter if They are Different ?
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 differen...
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Language: | English |
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World Bank, Washington, DC
2012
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Online Access: | http://documents.worldbank.org/curated/en/2006/05/6762296/trade-harmonization-your-institutions-good-matter-different http://hdl.handle.net/10986/8678 |