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Trade and harmonization [electronic resource] : if your institutions are good, does it matter if they are different ? / Ariell Reshef, Roumeen Islam, Research working paper Collection Title:Policy.

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Reshef, Ariell

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Computer fileSeries: Policy research working papers (Online) ; 3907.Publication details: [Washington, D.C. : World Bank, 2006]Subject(s):

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Abstract: "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 differences in form, together with indicators of overall institutional quality. They find that good institutions promote trade much more than similar legal systems and have much more explanatory power. This effect is economically large-up to 10 times the effect of different legal systems. Moreover, better infrastructure matters as much as good institutions. "--World Bank web site.

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Item type	Current library	Home library	Call number	Status	Barcode
Books	Main Campus Library	University of Eastern Africa, Baraton	HG 3881.5 .W57 2006 no. 3907 (Browse shelf(Opens below))	Available	64956

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Previous	HG 3881.5 .I674 I67 1998 International Finance corporation :	HG 3881.5 .I674 I674 1997 Annual report. 1998-.	HG 3881.5 .W57 1997 IDA in action :	HG 3881.5 .W57 2006 no. 3907 Trade and harmonization	HG 3881.5 .W57 2006 no. 3922 Early childhood development through an integrated program	HG 3881.5 .W57 2006 no. 3961 Global redistribution of income	HG 3881.5 .W57 2006 no. 3964 Income diversification in Zimbabwe	Next

Title from PDF file as viewed on 5/8/2006.

Includes bibliographical references.

"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 differences in form, together with indicators of overall institutional quality. They find that good institutions promote trade much more than similar legal systems and have much more explanatory power. This effect is economically large-up to 10 times the effect of different legal systems. Moreover, better infrastructure matters as much as good institutions. "--World Bank web site.