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Corruption and trade regulations: an instrumental variable approach

Author

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  • Young Lee
  • Omar Azfar

Abstract

We find that tariff rates decreased less rapidly in more corrupt countries in instrumental variables (IV) estimation, using mortality rates of European settlers at the time of colonization as IV. Our finding implies that tariff rates are endogenous to corruption.

Suggested Citation

  • Young Lee & Omar Azfar, 2007. "Corruption and trade regulations: an instrumental variable approach," Applied Economics Letters, Taylor & Francis Journals, vol. 15(3), pages 231-234.
    • Handle: RePEc:taf:apeclt:v:15:y:2007:i:3:p:231-234
    DOI: 10.1080/13504850600706180
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    References listed on IDEAS

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    1. Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "The Colonial Origins of Comparative Development: An Empirical Investigation," American Economic Review, American Economic Association, vol. 91(5), pages 1369-1401, December.
    2. Acemoglu, Daron & Johnson, Simon & Robinson, James & Thaicharoen, Yunyong, 2003. "Institutional causes, macroeconomic symptoms: volatility, crises and growth," Journal of Monetary Economics, Elsevier, vol. 50(1), pages 49-123, January.
    3. Davidson, Russell & MacKinnon, James G., 1993. "Estimation and Inference in Econometrics," OUP Catalogue, Oxford University Press, number 9780195060119.
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    Cited by:

    1. Omar Azfar, 2006. "The New Institutional Economics Approach to Economic Development: A Discussion of Social, Political, Legal, and Economic Institutions," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(4), pages 965-980.

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