INSTITUTIONAL QUALITY AND TRADE IN SELECTED COUNTRIES: THE DYNAMIC PANEL DATA APPROACH
Parvaneh Salatin, Sahar Eslambolchi
Abstract
Parvaneh Salatin, Sahar Eslambolchi
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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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