Political institutions and trade-evidence for the long-run relationship and causality

Astrid Krenz

No 182, University of Göttingen Working Papers in Economics from University of Goettingen, Department of Economics

Abstract: We examine the long-run effects of the political institutional framework, measured by the political risk component of the International Country Risk Guide, on trade. Our results suggest that an improved political institutional framework is both a cause and a consequence of increased trading activity. However, we find no significant relationship in case of exporting activity for the high-income countries and the countries that possess better political institutions.

Keywords: political institutions; trade; cointegration analysis (search for similar items in EconPapers)
JEL-codes: F14 F55 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-int and nep-pol
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:cegedp:182

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