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Title: Will Institutional Reform Enhance Bilateral Trade Flows? Analyses from Different Reform Aspects in Emerging Markets
Authors: Angkinand, Apanard Penny
Contributors: 亞太研究英語博士學位學程
Keywords: Institutional reform;bilateral trade flows;gravity model;panel-data fixed-effects models
Date: 2010-06-01
Issue Date: 2015-12-24 17:50:59 (UTC+8)
Abstract: Emerging market policy makers have intended to promote international trade, as trade is an important component of the long-run economic growth, through different ways such as liberalizing trade, joining the World Trade Organization (WTOs), and forming regional trade arrangements (RTAs). In our study, we argue that trade can be effectively encouraged by a significant improvement in domestic institutions. However, the positive effect of institutional reforms on trade depends on the various types of institutions and whether reforms are transitional or permanent. We examine three types of institutional reformsdemocratic political system, legal, and administrative reforms. We find that all three types are important in enhancing bilateral trade flows and the benefit of institutional reforms on trade is observed only if the reforms are permanent. During the year the reforms are implemented or a transition period of reforms, trade flows may decline due to the uncertainty of the success of reforms. We also examine whether the effect of permanent institutional reforms complements the effect of RTAs in promoting trade.
Relation: 2018 IDAS國際學術研討會 : 亞太區域整合的新展望論文集
Data Type: conference
Appears in Collections:[2010 IDAS國際學術研討會 : 亞太區域整合的新展望論文集] 會議論文

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