Does Institutional Quality Matter for Trade? Institutional Conditions in a Sectoral Trade Framework

Institutional Quality and International Trade

Institutions — quality of contract enforcement, property rights, shareholder protection, and the like — have received a great deal of attention in recent years. Yet trade theory has not considered the implications of institutional differences, beyond treating them simply as different technologies or taxes. The purpose of this paper is twofold. First, we propose a simple model of international t...

International Trade and Institutional Change ∗

This paper analyzes the impact of international trade on the quality of institutions, such as contract enforcement, property rights, or investor protection. It presents a model in which institutional differences play two roles: they create rents for some parties within the economy, and they are a source of comparative advantage in trade. Institutional quality is determined as an equilibrium of ...

The Productivity, Trade, & Institutional Quality Nexus: A Panel Analysis

We estimate the relationship between productivity and trade for a panel of countries over the period 1980 to 2000 using instrumental-variables estimation of a productivity equation. We note that some estimates of productivity gains attributed to trade capture instead the roles of institutions and geography. The endogeneity of trade and institutional quality is accounted for by using instruments...

Does Institutional Memory Matter?

A fter 55 years of service, Dr. Joseph C. Greenfield quietly stepped down from his position as Director of the Heart Station, Durham Veterans Administration Hospital affiliated with Duke University Medical Center. Dr. Greenfield was also the James B. Duke Professor of Medicine, Chairman of Medicine and Chief of Cardiology Emeritus, and one of my most important mentors. This marks an event that ...

Table of Contents Philip C . Abbott Institutional Innovation in the Cocoa Trade Food Security Following Trade