Why do OECD Countries Trade More?
Why do OECD Countries Trade More?
Ineffective institutions increase transaction costs and reduce trade. This paper shows that differences in the effectiveness of institutions offer an explanation for the tendency of OECD countries to trade disproportionately with each other, and with non-OECD countries.
- Vrije Universiteit Amsterdam Netherlands
gravity model, ddc:330, F14, Institutionelle Infrastruktur, F15, OECD-Staaten, Handelseffekt, OECD, institutions, bilateral trade, Gravitationsmodell, Intraindustrieller Handel, bilateral trade; gravity model; institutions; OECD, jel: jel:F14, jel: jel:F15
gravity model, ddc:330, F14, Institutionelle Infrastruktur, F15, OECD-Staaten, Handelseffekt, OECD, institutions, bilateral trade, Gravitationsmodell, Intraindustrieller Handel, bilateral trade; gravity model; institutions; OECD, jel: jel:F14, jel: jel:F15
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