Factor returns, institutions, and geography: a view from trade

Scott Baier, Gerald Dwyer and Robert Tamura

No 2004-17, FRB Atlanta Working Paper from Federal Reserve Bank of Atlanta

Abstract: The authors show that estimated productivities of labor and capital, which rationalize trade flows across countries, are related to total factor productivities, which rationalize output differences across countries. They present evidence that these productivities from trade are related to the institutions and geography across countries. Protection of property rights is the dominant influence on both labor and capital productivity, with geography less important and democracy even less important. The authors also present preliminary evidence that protection of property rights has similar effects on workers with only primary education as on those with more education.

Date: 2004
New Economics Papers: this item is included in nep-fin and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.frbatlanta.org/-/media/documents/resea ... s/wp/2004/wp0417.pdf (application/pdf)

Related works:
Working Paper: Factor Returns, Institutions, and Geography: A View From Trade (2006)
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:fip:fedawp:2004-17

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in FRB Atlanta Working Paper from Federal Reserve Bank of Atlanta Contact information at EDIRC.
Bibliographic data for series maintained by Rob Sarwark ().