Institutions and Trade: Competitors or Complements in Economic Development?

Sambit Bhattacharyya, Steve Dowrick and Jane Golley ()

The Economic Record, 2009, vol. 85, issue 270, 318-330

Abstract: This article contributes to the debate over the empirical relationship between trade openness and economic development. Unlike previous studies which treat trade openness and institutions as competitors in economic development, we find evidence that they are in fact complements. We also find that in order for a country to benefit from trade, its institutional quality has to be above a certain threshold level. These results are suggestive of an important complementary role for trade openness and institutions in economic development.

Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
https://doi.org/10.1111/j.1475-4932.2009.00541.x

Related works:
Working Paper: INSTITUTIONS AND TRADE: COMPETITORS OR COMPLEMENTS IN ECONOMIC DEVELOPMENT? (2008)
Working Paper: Institutions and Trade: Competitors or Complements in Economic Development? (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ecorec:v:85:y:2009:i:270:p:318-330

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0013-0249

Access Statistics for this article

The Economic Record is currently edited by Paul Miller, Glenn Otto and Martin Richardson

More articles in The Economic Record from The Economic Society of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().