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Do institutions matter more for services ? Author info | Abstract | Publisher info | Download info | Related research | Statistics Amin, Mohammad
Mattoo, Aaditya
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Recent empirical research has focused on the role ofinstitutions in overall economic performance. This paper examines the impact of institutions on the relative performance of the service sector. Through cross-country level and growth regressions it establishes the following stylized fact: countries with better institutions have relatively larger and more dynamic service sectors. It suggests that regulatory and contract enforcing institutions play a key role in the development of service sectors because these sectors enter into a more complex web of transactions with the rest of the economy and are more prone to market failure due to asymmetric information.
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Paper provided by The World Bank in its series Policy Research Working Paper Series with number
4032.
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Date of creation: 01 Oct 2006Date of revision:
Handle: RePEc:wbk:wbrwps:4032Contact details of provider: Postal: 1818 H Street, N.W., Washington, DC 20433 Email: Web page: http://www.worldbank.org/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Roula I. Yazigi).
Keywords: Legal Products ; Children and Youth ; Economic Theory&Research ; Public Sector Corruption&Anticorruption Measures ; Corruption&Anitcorruption Law ; Other versions of this item:
This paper has been announced in the following NEP Reports :
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Mattoo, Aaditya & Subramanian, Arvind, 2009.
"Criss-crossing globalization : uphill flows of skill-intensive goods and foreign direct investment ,"
Policy Research Working Paper Series
5047, The World Bank.
[Downloadable!]
Other versions: Hoekman, Bernard & Mattoo, Aaditya, 2008.
"Services trade and growth ,"
Policy Research Working Paper Series
4461, The World Bank.
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