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Institutions, trade, and development: identifying the impact of country-specific characteristics on international trade

Author

Listed:
  • Cosimo Beverelli
  • Alexander Keck
  • Mario Larch
  • Yoto V Yotov

Abstract

We quantify the impact of country-specific institutions on international trade and development in a structural gravity framework. The econometric analysis offers robust evidence that stronger institutions promote trade. A counterfactual analysis reveals that the changes in institutional quality in the poor countries in our sample between 1996 and 2006 have had, via their impact on imports from rich countries, significant and heterogeneous welfare effects, varying between −2% and 5%. Our approach is readily applicable to identifying the impact of any country-specific variable on international trade in the structural gravity framework.

Suggested Citation

  • Cosimo Beverelli & Alexander Keck & Mario Larch & Yoto V Yotov, 2024. "Institutions, trade, and development: identifying the impact of country-specific characteristics on international trade," Oxford Economic Papers, Oxford University Press, vol. 76(2), pages 469-494.
    • Handle: RePEc:oup:oxecpp:v:76:y:2024:i:2:p:469-494.
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    File URL: http://hdl.handle.net/10.1093/oep/gpad014
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    Citations

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    Cited by:

    1. Campos, Rodolfo & Larch, Mario & Timini, Jacopo & Vidal, Elena & Yotov, Yoto, 2024. "Does the WTO Promote Trade? A Meta-analysis," School of Economics Working Paper Series 2024-11, LeBow College of Business, Drexel University.
    2. Steven Brakman & Tristan Kohl & Charles van Marrewijk, 2025. "DemoGravity: World Population and Trade in the 21st Century," Review of International Economics, Wiley Blackwell, vol. 33(2), pages 486-501, May.
    3. Saad Ahmad & Jeffrey Bergstrand & Jordi Paniagua & Heather Wickramarachi, 2025. "The Multinational Revenue, Employment, and Investment Database (MREID)," Working Papers 2504, Department of Applied Economics II, Universidad de Valencia.

    More about this item

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions

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