Institutional quality and international trade /

Institutional quality and international trade /

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Bibliographic Details
Author / Creator:	Levchenko, Andrei A., author.
Imprint:	[Washington, D.C.] : International Monetary Fund, Research Dept., 2004.
Description:	1 online resource (46 pages)
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/04/231 IMF working paper ; WP/04/231.
Subject:	Comparative advantage (International trade) -- Econometric models. Comparative advantage (International trade) -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497111

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Other authors / contributors:	International Monetary Fund. Research Department.
ISBN:	1282590197 9781282590199 9781451920161 1451920164 9781451875560 1451875568
Notes:	Includes bibliographical references. Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 digitized 2010 HathiTrust Digital Library committed to preserve Print version record. Online resource; title from PDF title page (IMF, viewed September 7, 2017).
Summary:	The quality of institutions-meaning the quality of contract enforcement, property rights, shareholder protection, and the like-has received a great deal of attention in recent years. The purposes of this paper are twofold. First, it studies the consequences of trade when institutional differences are the source of comparative advantage among countries. Institutional differences are modeled within the Grossman-Hart-Moore framework of contract incompleteness. It is shown, among other things, that the less developed country may not gain from trade, and that factor prices may actually diverge as a result of trade. Second, the paper provides empirical evidence of "institutional content of trade:" institutional differences are shown to be important determinant of trade flows
Other form:	Print version: Levchenko, Andrei A. Institutional quality and international trade. [Washington, D.C.] : International Monetary Fund, Research Dept., 2004
Standard no.:	10.5089/9781451920161.001

Description
Summary:	The quality of institutions-meaning the quality of contract enforcement, property rights, shareholder protection, and the like-has received a great deal of attention in recent years. The purposes of this paper are twofold. First, it studies the consequences of trade when institutional differences are the source of comparative advantage among countries. Institutional differences are modeled within the Grossman-Hart-Moore framework of contract incompleteness. It is shown, among other things, that the less developed country may not gain from trade, and that factor prices may actually diverge as a result of trade. Second, the paper provides empirical evidence of "institutional content of trade: " institutional differences are shown to be important determinant of trade flows
Physical Description:	1 online resource (46 pages)
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references.
ISBN:	1282590197 9781282590199 9781451920161 1451920164 9781451875560 1451875568
ISSN:	2227-8885 ;