2014Research journal of economics, business and ICTRequires access

INSTITUTIONAL QUALITY AND TRADE IN SELECTED COUNTRIES: THE DYNAMIC PANEL DATA APPROACH

Parvaneh Salatin, Sahar Eslambolchi

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Abstract

The purpose of this article was to investigate the effectiveness of institutional quality on the volume of trade in middle-income and high-income groups in selected countries using panel data. The Results of the estimation using Generalized Method of Moments (GMM) in selected countries for the period 2002-2010 shows that the institutional quality has positive and significant effect on the openness in high-income selected countries. As well, the results confirm that institutional quality has negative and significant effect on the openness in selected middle-income countries

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What this paper is about

The purpose of this article was to investigate the effectiveness of institutional quality on the volume of trade in middle-income and high-income groups in selected countries using panel data. The Results of the estimation using Generalized Method of Moments (GMM) in selected countries for the period 2002-2010 shows that the institutional quality has positive and significant effect on the openness in high-income selected countries. As well, the results confirm that institutional quality has negative and significant effect on the openness in selected middle-income countries

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Available abstract

The purpose of this article was to investigate the effectiveness of institutional quality on the volume of trade in middle-income and high-income groups in selected countries using panel data. The Results of the estimation using Generalized Method of Moments (GMM) in selected countries for the period 2002-2010 shows that the institutional quality has positive and significant effect on the openness in high-income selected countries. As well, the results confirm that institutional quality has negative and significant effect on the openness in selected middle-income countries

Key concepts: Openness to experience, Panel data, Generalized method of moments, Quality (philosophy), Economics, Estimation, Demographic economics, Panel analysis

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