Does Corruption Facilitate Trade for the New EU Members? — Economics E-Journal

Via Scoop.it#GreekCrisis

“The paper uses a gravity model to examine the role of corruption in the direction of trade in a data set comprising OECD economies, new EU members and developing nations. Contrary to a number of studies, the findings suggest that membership of the RTAs does not always increase bilateral trade whereas reducing a country’s corruption does tend to increase trade flows. The results suggest that EU membership, with the associated improvement in the perceived level of corruption, should have a positive impact on Romania and Bulgaria.”
Via www.economics-ejournal.org

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Posted on December 10, 2011, in Uncategorized. Bookmark the permalink. Leave a comment.

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