Contract Enforcement, Corruption Controls and Other Institutions Affect Trade, Too
Subhayu Bandyopadhyay (),
Suryadipta Roy and
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Suryadipta Roy: Federal Reserve Bank of St. Louis
Yang Liu: Federal Reserve Bank of St. Louis
The Regional Economist, 2015, issue April
In the past, the study of international trade often focused on differences in labor, land and capital, as well as the distance between trading partners. But economists are increasingly looking at the role played by institutions, specifically those that enforce contracts and curb corruption.
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