Institutions and Trade: Competitors or Complements in Economic Development?

Bhattacharyya, Sambit, Dowrick, Steve and Golley, Jane (2009) Institutions and Trade: Competitors or Complements in Economic Development? Economic Record, 85 (270). pp. 318-330. ISSN 1475-4932

Full text not available from this repository.

Abstract

This article contributes to the debate over the empirical relationship between trade openness and economic development. Unlike previous studies which treat trade openness and institutions as competitors in economic development, we find evidence that they are in fact complements. We also find that in order for a country to benefit from trade, its institutional quality has to be above a certain threshold level. These results are suggestive of an important complementary role for trade openness and institutions in economic development.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > Economics
Depositing User: Sambit Bhattacharyya
Date Deposited: 06 Feb 2012 19:14
Last Modified: 27 Mar 2012 12:14
URI: http://sro.sussex.ac.uk/id/eprint/19675
📧 Request an update