Does Trade Foster Institutions?

Marcella Nicolini and Alessia Paccagnini

Open Access publications from School of Economics, University College Dublin

Abstract: The field of institutional economics stresses the role of institutions as a possibledeterminant of many economic phenomena (see among many others North, 1990). On the other hand, recent contributions suggest that economicfeatures may determine the development of a country’s institutional setting(Acemoglu and Robinson, 2006). Therefore, the issue of the endogeneity of institutions is well known and widely debated whenever a causal relationship between economic variables and institutions is suggested.

Keywords: Institutional quality; Granger causality test; Panel data; Zero trade flow (search for similar items in EconPapers)
Pages: 20 pages
Date: 2011
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Citations: View citations in EconPapers (13)

Published in: Review of Economics and Institutions, 2(2) 2011

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