Institutions Infrastructure And Trade

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Institutions, Infrastructure and Trade

Joseph F. Francois,Miriam Manchin
Institutions Infrastructure and Trade Book PDF

Author : Joseph F. Francois,Miriam Manchin
Publisher : World Bank Publications
Page : 38 pages
File Size : 44,6 Mb
Release : 2007
Category : Aeronautics, Commercial
ISBN : 8210379456XXX

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Institutions, Infrastructure and Trade by Joseph F. Francois,Miriam Manchin Pdf

The authors examine the influence of infrastructure, institutional quality, colonial and geographic context, and trade preferences on the pattern of bilateral trade. They are interested in threshold effects, and so emphasize those cases where bilateral country pairs do not actually trade. The authors depart from the institutions and infrastructure literature in this respect, using selection-based gravity modeling of trade flows. They also depart from this literature by mixing principal components (to condense the institutional and infrastructure measures) with a focus on deviations in the resulting indexes from expected values for given income cohorts to control for multicollinearity. The authors work with a panel of 284,049 bilateral trade flows from 1988 to 2002. Matching bilateral trade and tariff data and controlling for tariff preferences, level of development, and standard distance measures, they find that infrastructure and institutional quality are significant determinants not only of export levels, but also of the likelihood exports will take place at all. Their results support the notion that export performance, and the propensity to take part in the trading system at all, depends on institutional quality and access to well-developed transport and communications infrastructure. Indeed, this dependence is far more important, empirically, than variations in tariffs in explaining sample variations in North-South trade.

Institutions, Infrastructure, and Trade

Joseph Francois,Miriam Manchin
Institutions Infrastructure and Trade Book PDF

Author : Joseph Francois,Miriam Manchin
Publisher : Unknown
Page : 128 pages
File Size : 44,6 Mb
Release : 2012
Category : Electronic
ISBN : OCLC:931669695

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Institutions, Infrastructure, and Trade by Joseph Francois,Miriam Manchin Pdf

The authors examine the influence of infrastructure, institutional quality, colonial and geographic context, and trade preferences on the pattern of bilateral trade. They are interested in threshold effects, and so emphasize those cases where bilateral country pairs do not actually trade. The authors depart from the institutions and infrastructure literature in this respect, using selection-based gravity modeling of trade flows. They also depart from this literature by mixing principal components (to condense the institutional and infrastructure measures) with a focus on deviations in the resulting indexes from expected values for given income cohorts to control for multicollinearity. The authors work with a panel of 284,049 bilateral trade flows from 1988 to 2002. Matching bilateral trade and tariff data and controlling for tariff preferences, level of development, and standard distance measures, they find that infrastructure and institutional quality are significant determinants not only of export levels, but also of the likelihood exports will take place at all. Their results support the notion that export performance, and the propensity to take part in the trading system at all, depends on institutional quality and access to well-developed transport and communications infrastructure. Indeed, this dependence is far more important, empirically, than variations in tariffs in explaining sample variations in North-South trade.

Institutions, Infrastructure, and Trade

Joseph F. Francois
Institutions Infrastructure and Trade Book PDF

Author : Joseph F. Francois
Publisher : Unknown
Page : 38 pages
File Size : 49,5 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290703448

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Institutions, Infrastructure, and Trade by Joseph F. Francois Pdf

The authors examine the influence of infrastructure, institutional quality, colonial and geographic context, and trade preferences on the pattern of bilateral trade. They are interested in threshold effects, and so emphasize those cases where bilateral country pairs do not actually trade. The authors depart from the institutions and infrastructure literature in this respect, using selection-based gravity modeling of trade flows. They also depart from this literature by mixing principal components (to condense the institutional and infrastructure measures) with a focus on deviations in the resulting indexes from expected values for given income cohorts to control for multicollinearity. The authors work with a panel of 284,049 bilateral trade flows from 1988 to 2002. Matching bilateral trade and tariff data and controlling for tariff preferences, level of development, and standard distance measures, they find that infrastructure and institutional quality are significant determinants not only of export levels, but also of the likelihood exports will take place at all. Their results support the notion that export performance, and the propensity to take part in the trading system at all, depends on institutional quality and access to well-developed transport and communications infrastructure. Indeed, this dependence is far more important, empirically, than variations in tariffs in explaining sample variations in North-South trade.

Trade Infrastructure and Economic Development

David Olusanya Ajakaiye,T. Ademola Oyejide
Trade Infrastructure and Economic Development Book PDF

Author : David Olusanya Ajakaiye,T. Ademola Oyejide
Publisher : Routledge
Page : 386 pages
File Size : 48,6 Mb
Release : 2012-03-12
Category : Business & Economics
ISBN : 9781136595752

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Trade Infrastructure and Economic Development by David Olusanya Ajakaiye,T. Ademola Oyejide Pdf

There is growing consensus in the literature that trade and trade policy matter for a pro-poor growth and development strategy. Therefore, policies that are consistent with this strategy feature increasingly in many African countries where poverty is endemic and rapid and where sustainable economic growth is viewed as the major vehicle for poverty reduction. Key elements of these polices include measures that promote the expansion and diversification of production and trade in Africa. This book is aimed at articulating appropriate structural and policy measures for eliminating the constraints that African countries face and thus ensuring that they can derive maximum benefits from all available market access opportunities. There is evidence that most African countries face external market access barriers in their major export destinations which are generally less constraining than those confronting countries in other developing country regions. Yet, they have generally not been able to take full advantage of the special (preferential) market access opportunities available to them. This suggests that improved external market access, whether reciprocal or preferential, would not, by itself, be sufficient for strengthening African export performance. In this collection, export supply response capacity takes external (beyond-the-border) factors as given and concentrates primarily on the internal (behind-the-border) factors that influence production and distribution costs and, thus, competitiveness. The central working hypothesis of this book is that the inability of domestic producers and exporters in Africa to respond quickly, effectively and efficiently to external market access opportunities is caused by various limitations of their internal supply capacity and that this, in turn, is largely responsible for the lacklustre export performance of many African countries. This comprehensive study should be of interest to students and researchers of international trade and development economics as well as African studies.

Trade and Harmonization

Roumeen Islam,Ariell Reshef
Trade and Harmonization Book PDF

Author : Roumeen Islam,Ariell Reshef
Publisher : World Bank Publications
Page : 65 pages
File Size : 41,8 Mb
Release : 2006
Category : Comercio internacional
ISBN : 8210379456XXX

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Trade and Harmonization by Roumeen Islam,Ariell Reshef Pdf

Good institutional quality (function) and similar institutional design (form) can promote international trade by reducing transactions costs. The authors evaluate the relative importance of function versus form in a gravity model, using an indicator of different legal systems as a proxy for differences in form, together with indicators of overall institutional quality. They find that good institutions promote trade much more than similar legal systems and have much more explanatory power. This effect is economically large-up to 10 times the effect of different legal systems. Moreover, better infrastructure matters as much as good institutions.

Trade and Harmonization

Roumeen Islam,Ariell Reshef
Trade and Harmonization Book PDF

Author : Roumeen Islam,Ariell Reshef
Publisher : Unknown
Page : 128 pages
File Size : 42,9 Mb
Release : 2012
Category : Electronic
ISBN : OCLC:931673401

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Trade and Harmonization by Roumeen Islam,Ariell Reshef Pdf

Good institutional quality (function) and similar institutional design (form) can promote international trade by reducing transactions costs. The authors evaluate the relative importance of function versus form in a gravity model, using an indicator of different legal systems as a proxy for differences in form, together with indicators of overall institutional quality. They find that good institutions promote trade much more than similar legal systems and have much more explanatory power. This effect is economically large-up to 10 times the effect of different legal systems. Moreover, better infrastructure matters as much as good institutions.

Trade and Harmonization

Roumeen Islam
Trade and Harmonization Book PDF

Author : Roumeen Islam
Publisher : Unknown
Page : 65 pages
File Size : 45,6 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290703973

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Trade and Harmonization by Roumeen Islam Pdf

Good institutional quality (function) and similar institutional design (form) can promote international trade by reducing transactions costs. The authors evaluate the relative importance of function versus form in a gravity model, using an indicator of different legal systems as a proxy for differences in form, together with indicators of overall institutional quality. They find that good institutions promote trade much more than similar legal systems and have much more explanatory power. This effect is economically large-up to 10 times the effect of different legal systems. Moreover, better infrastructure matters as much as good institutions.

Geographical Disadvantage

Anthony Venables,Nuno Limão
Geographical Disadvantage Book PDF

Author : Anthony Venables,Nuno Limão
Publisher : World Bank Publications
Page : 38 pages
File Size : 41,6 Mb
Release : 1999
Category : Benchmark
ISBN : 8210379456XXX

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Geographical Disadvantage by Anthony Venables,Nuno Limão Pdf

"What effect does distance have on costs for economies at different locations? Exports and imports of final and intermediate goods bear transport costs that increase with distance. Production and trade depend on factor endowments and factor intensities as well as on distance and the transport intensities of different goods"--Cover.

Infrastructure?s Role in Lowering Asia?s Trade Costs

Douglas H. Brooks,David Hummels
Infrastructure s Role in Lowering Asia s Trade Costs Book PDF

Author : Douglas H. Brooks,David Hummels
Publisher : Edward Elgar Publishing
Page : 256 pages
File Size : 47,5 Mb
Release : 2009-01-30
Category : Business & Economics
ISBN : 9781781953273

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Infrastructure?s Role in Lowering Asia?s Trade Costs by Douglas H. Brooks,David Hummels Pdf

Much of the analysis of infrastructure's impact on trade costs focuses on conditions in developed countries. This book makes an invaluable contribution to our understanding by examining the situation in developing Asia, the world's most populous and fastest growing region. This study analyzes and draws policy implications from infrastructure's central role in lowering Asia's trade costs. Infrastructure is shown to be a cost-effective means of lowering trade costs and thereby promoting regional growth and integration. This book combines thematic and country studies, while breaking new ground in.

Institutions, Trade, and Growth

David Dollar,Aart Kraay
Institutions Trade and Growth Book PDF

Author : David Dollar,Aart Kraay
Publisher : World Bank Publications
Page : 36 pages
File Size : 48,6 Mb
Release : 2003
Category : Economic development
ISBN : 8210379456XXX

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Institutions, Trade, and Growth by David Dollar,Aart Kraay Pdf

Several recent papers have attempted to identify the partial effects of trade integration and institutional quality on long-run growth using the geographical determinants of trade and the historical determinants of institutions as instruments. The authors show that many of the specifications in these papers are weakly identified despite the apparently good performance of the instruments in first-stage regressions. Consequently, they argue that the cross-country variation in institutions, trade, and their geographical and historical determinants is not very informative about the partial effects of these variables on long-run growth.

Aid for Trade in Action

OECD,World Trade Organization
Aid for Trade in Action Book PDF

Author : OECD,World Trade Organization
Publisher : OECD Publishing
Page : 142 pages
File Size : 45,8 Mb
Release : 2013-06-11
Category : Electronic
ISBN : 9789264201453

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Aid for Trade in Action by OECD,World Trade Organization Pdf

The almost 300 case stories in this book show clear results of how aid-for-trade programmes are helping developing countries to build human, institutional and infrastructure capacity to integrate into regional and global markets and to make good use of trade opportunities.

Infrastructure and Growth in Developing Countries

Stephane Straub
Infrastructure and Growth in Developing Countries Book PDF

Author : Stephane Straub
Publisher : World Bank Publications
Page : 54 pages
File Size : 51,5 Mb
Release : 2016
Category : Electronic
ISBN : 8210379456XXX

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Infrastructure and Growth in Developing Countries by Stephane Straub Pdf

This paper presents a survey of recent research on the economics of infrastructure in developing countries. Energy, transport, telecommunications, water and sanitation are considered. The survey covers two main set of issues: the linkages between infrastructure and economic growth (at the economy-wide, regional and sectoral level) and the composition, sequencing and efficiency of alternative infrastructure investments, including the arbitrage between new investments and maintenance expenditures; OPEX and CAPEX, and public versus private investment. Following the introduction, section 2 discusses the theoretical foundations (growth theory and new economic geography). Section 3 assesses the analysis of 140 specifications from 64 recent empirical papers - examining type of data used, level of aggregation, econometric techniques and nature of the sample - and discusses both the macro-econometric and micro-econometric contributions of these papers. Finally section 4 discusses directions for future research and suggests priorities in data development.

The Handbook of Economic Development and Institutions

Jean-Marie Baland,François Bourguignon,Jean-Philippe Platteau,Thierry Verdier
The Handbook of Economic Development and Institutions Book PDF

Author : Jean-Marie Baland,François Bourguignon,Jean-Philippe Platteau,Thierry Verdier
Publisher : Princeton University Press
Page : 786 pages
File Size : 43,5 Mb
Release : 2020-01-21
Category : Business & Economics
ISBN : 9780691192017

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The Handbook of Economic Development and Institutions by Jean-Marie Baland,François Bourguignon,Jean-Philippe Platteau,Thierry Verdier Pdf

The definitive reference on the most current economics of development and institutions The essential role that institutions play in understanding economic development has long been recognized across the social sciences, including in economics. Academic and policy interest in this subject has never been higher. The Handbook of Economic Development and Institutions is the first to bring together in one single volume the most cutting-edge work in this area by the best-known international economists. The volume’s editors, themselves leading scholars in the discipline, provide a comprehensive introduction, and the stellar contributors offer up-to-date analysis into institutional change and its interactions with the dynamics of economic development. This book focuses on three critical issues: the definitions of institutions in order to argue for a causal link to development, the complex interplay between formal and informal institutions, and the evolution and coevolution of institutions and their interactions with the political economy of development. Topics examined include the relationship between institutions and growth, educational systems, the role of the media, and the intersection between traditional systems of patronage and political institutions. Each chapter—covering the frontier research in its area and pointing to new areas of research—is the product of extensive workshopping on the part of the contributors. The definitive reference work on this topic, The Handbook of Economic Development and Institutions will be essential for academics, researchers, and professionals working in the field.

Financing Infrastructure in Asia and the Pacific

Naoyuki Yoshino,Umid Abidhadjaev,Matthias Helble
Financing Infrastructure in Asia and the Pacific Book PDF

Author : Naoyuki Yoshino,Umid Abidhadjaev,Matthias Helble
Publisher : Unknown
Page : 340 pages
File Size : 47,5 Mb
Release : 2017-08-30
Category : Infrastructure (Economics)
ISBN : 4899740719

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Financing Infrastructure in Asia and the Pacific by Naoyuki Yoshino,Umid Abidhadjaev,Matthias Helble Pdf

Governments throughout the Asia-Pacific region recognize the catalyzing role of infrastructure investment for sustainable growth. Yet, they are faced with the problem of financing new infrastructure. This book provides the latest evidence on the impact of infrastructure investment on economic and social indicators. Presenting several country studies, the book explains how infrastructure investment can increase output, taxes, trade, and firm productivity. Based on this evidence, the book proposes innovative modes of infrastructure financing. Written by leading international experts in economic analysis of infrastructure, the book is an invaluable source for policy makers to better design infrastructure projects.

Belt and Road Economics

World Bank
Belt and Road Economics Book PDF

Author : World Bank
Publisher : World Bank Publications
Page : 199 pages
File Size : 47,6 Mb
Release : 2019-08-16
Category : Business & Economics
ISBN : 9781464814655

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Belt and Road Economics by World Bank Pdf

China proposed the Belt and Road Initiative in 2013 to improve connectivity and cooperation on a transcontinental scale. This study, by a team of World Bank Group economists led by Michele Ruta, analyzes the economics of the initiative. It assesses the connectivity gaps between economies along the initiative’s corridors, examines the costs and economic effects of the infrastructure improvements proposed under the initiative, and identifies complementary policy reforms and institutions that will support welfare maximization and mitigation of risks for participating economies.