Domestic Institutions as a Source of Comparative Advantage

Nunn, Nathan; Trefler, Daniel

doi:10.1016/b978-0-444-54314-1.00005-7

Cited by 187 publications

(182 citation statements)

References 157 publications

(146 reference statements)

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“…A common argument is that a country with "good" institutions will suffer less from the hold-up underinvestment problem in industries that intensively rely on relationship-specific assets (for a complete review, see Nunn and Trefler 2014). In this sense, good institutions are a crucial source of comparative advantage in nonagricultural sectors, in which the hold-up problem is more binding.…”

Section: Trade and Economic Developmentmentioning

confidence: 99%

The Wind of Change: Maritime Technology, Trade, and Economic Development

Pascali

2017

American Economic Review

188

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The The 1870-1913 period marked the birth of the first era of trade globalization. As shown in Figure 1, between 1820 and 1913, the world experienced an unprecedented increase in world trade, with a marked acceleration that began in 1870. This increase in trade cannot simply be explained by increased global GDP or population. In fact, between 1870 and 1913, the world export-to-GDP ratio increased from 5 percent to 9 percent, while per capita volumes more than tripled. The determinants and consequences of this first wave of globalization have been of substantial interest to both economists and historians. This study employs new trade data and a novel identification strategy to empirically investigate (i) the role of the adoption of the

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Section: Trade and Economic Developmentmentioning

confidence: 99%

The Wind of Change: Maritime Technology, Trade, and Economic Development

Pascali

2017

American Economic Review

188

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“…Specifically, we now define IQ dt as 6 minus the log of the cost of enforcing a contract as a percent of the debt value. 46 The data come from the World Bank's 2011 Doing Business database.…”

Section: Robustnessmentioning

confidence: 99%

“…However, by focusing on how institutions shape firms' export dynamics, we depart considerably from the standard approach. As Nunn and Trefler (2013) underscore, that line of research concentrates on developing and testing the implications from static frameworks. Significant attention has been given to the fundamental question of how different types of institutions shape the pattern of comparative advantage across countries.…”

Section: Introductionmentioning

confidence: 99%

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Institutions and export dynamics

Araújo

Mion

Ornelas³

2016

Journal of International Economics

126

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We study how contract enforcement and export experience shape firm export dynamics in an environment with incomplete information. We show that exporters start with higher volumes and sell for longer periods in countries with better contracting institutions and when they have prior foreign experience. However, conditional on survival, firm export growth decreases with the quality of the country's institutions. Controlling for timevarying firm unobservables and other factors, we confirm these and other predictions using a panel of Belgian exporting firms from 1995 to 2008. The results highlight the manifold implications of export experience and contracting institutions for firm dynamics in foreign markets.JEL Classification: F10, F12, L14

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“…These include peer-monitoring, ease of citizen participation, and relative transparency of decision making and program benefits at 29 For a recent survey of these issues see Nunn and Trefler (2014), section 5. 30 For a discussion of these issues see, for example, Rodrik (2011).…”

mentioning

confidence: 99%

State and Development: The Need for a Reappraisal of the Current Literature

Bardhan

2016

Journal of Economic Literature

193

109

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This essay tries to bring out some of the complexities that are overlooked in the usual treatment of the state in the institutional economics literature and supplement the latter with a discussion of some alternative approaches to looking at the possible developmental role of the state. It refers to a broader range of development goals (including the structural transformation of the economy) and focuses on problems like the resolution of coordination failures and collective-action problems, the conflicting issues of commitment and accountability and the need for balancing the trade-offs they generate, some ingredients of state capacity and political coalition building usually missed in the literature, the possible importance of rent sharing in a political equilibrium, the advantages and problems of political centralization and decentralization, and the multidimensionality of state functions that may not be addressed by markets or private firms. (JEL D72, H11, H77, K00, O17, O43, P26)

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Domestic Institutions as a Source of Comparative Advantage

Cited by 187 publications

References 157 publications

The Wind of Change: Maritime Technology, Trade, and Economic Development

The Wind of Change: Maritime Technology, Trade, and Economic Development

Institutions and export dynamics

State and Development: The Need for a Reappraisal of the Current Literature

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