Section Days abstract book 2010.indd - RUB Research School ...

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INSTITUTIONAL QUALITY, EXPORT PERFORMANCE AND ECONOMIC GROWTH Elias Fanta International Development Studies; Ruhr-Universität Bochum, 44780 Bochum, Germany e-mail: elias.fanta@rub.de There is consensus among scholars that openness and integration into the world economy is essential to realize the potential gain from trade. International trade brings a substantial positive change in the income growth of a trading country. There is extensive theoretical and empirical literature supporting this argument. Given constant returns to scale, perfect competition and the absence of distortions, traditional trade theory suggests that there are considerable welfare gains from market integration through trade. Though the majority of empirical studies confirm the notion that international trade brings about a substantial welfare gain, the findings are not always robust. For the same degree of openness some countries are more likely to benefit from trade than others. Redding and Venables (2002) indicate that during the last quarter century there have been wide variations in countries’ export performance. As a case in point, East Asian countries real export increased by more than 800% since the early 1970s, while the share of those of sub- Saharan Africa increased just by 70%. The dramatic increase in export of East Asian countries brings a spectacular economic growth for the respective countries, while most of sub-Saharan Africa and Latin American have been less able to harness the benefits of the openness of their countries (Borrmann et al, 2006). The main question evolving around this welfare discrepancies would be what are the prerequisites for a positive linkage between trade and growth and thus a successful trade liberalization strategy? A number of policy prerequisites would help to harness the benefits of trade. Countries that have better macroeconomic stability, well-functioning infrastructure and competitive markets may trade more than countries where these conditions are not met. In addition, to the above prerequisites, there are other important factors for a successful dismantling of trade barriers. One of the requirements is having institutions of high quality. As, Levchenko (2007) reveals an important feature of North-South trade is that it occurs between strikingly dissimilar countries and one of an important source of dissimilarity is institutional quality. The discrepancy in the quality of institutions might be one of the reasons for unequal distribution of the benefits of trade between North and South. The term institution is highly associated to the work of Douglass North. Institutions can be defined as humanly devised constraints that shape human interactions (North, 1990 p. 3). It is the rules of the game and enforcement mechanism in a society as defined by the prevailing explicit and implicit behavioral norms and their ability to create appropriate incentive mechanisms for desirable economic behavior.
<strong>Research</strong>es aimed at studying the impact of institution on export performance are very limited. When they are available, the manner in which institutional quality is analyzed does not capture any of the formal aspect of the institutional setting and most of these researches are limited to cross country analysis relating institutional quality and growth. Therefore, this research is aimed at investigating how the degree of institutional quality affects the performance of the export sector based on selected econometric identification techniques. In addition, the research tries to investigate if institutional quality helps to translate good export performance into tangible economic success. The research has the following specific objectives: - Develop measurement techniques to test the impact of institutions on trade and economic growth, - Provide empirically supported hypothesis about the impact of institutional quality on export performance, - Contributes to the policy debate on: ‘do institutions matter and how?’
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Section Days 2010 November 3 Natura
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Humanities and Social Sciences (Nov
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Programme Section Days 2010 Novembe
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Friday November 5, 2009: Humanities
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Abstracts
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NSE_01 A-SI:H/A-C:H MULTILAYER AS E
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NSE_03 DYNAMIC QOS PROVISIONING BAS
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NSE_05 SIMULATION OF FLUIDIZED BEDS
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NSE_07 KEMIEPLUS - A CHEMISTRY PROJ
Page 19 and 20: NSE_09 MODULAR CHEMICAL PLANT Stefa
Page 21 and 22: NSE_11 PROBING THE DEPTH OF THE SKI
Page 23 and 24: NSE_13 THE MULTIPOLE RESONANCE PROB
Page 25 and 26: NSE_15 HMDSO / O2 ATMOSPHERIC PRESS
Page 27 and 28: NSE_17 CALIBRATING THE ELECTROMAGNE
Page 29 and 30: NSE_19 OPTIMAL MEMORY MANAGEMENT FO
Page 31 and 32: NSE_21 INTERFACIAL Cu /ZnO CONTACT
Page 33 and 34: NSE_23 MICROBIOLOGICAL AND PLASMA P
Page 35 and 36: NSE_25 TOWARDS A MULTI-SCALE MODEL
Page 37 and 38: Life Sciences
Page 39 and 40: LS_2 The effect of synthetic sandal
Page 41 and 42: LS_4 Evaluation of differences in d
Page 43 and 44: LS_6 RNA-BASED TEMPERATURE SENSING
Page 45 and 46: LS_8 Functional role of Vav3 for th
Page 47 and 48: LS_10 Investigations on the role of
Page 49 and 50: LS_12 Neuroprotective autoimmunity:
Page 51 and 52: LS_14 Investigation on the mechanis
Page 53 and 54: LS_16 AUXILIARY SUBUNITS OF CALCIUM
Page 55 and 56: LS_18 LASTING EFFECTS OF A SINGLE M
Page 57 and 58: LS_20 Effects of acute amyloid-beta
Page 59 and 60: HSS_01 WATER PRICING AND EXTERNALIT
Page 61 and 62: THE CATHOLIC CHURCH AND THE PRESS A
Page 63 and 64: HSS_03 ASSOCIATION BETWEEN FUNCTION
Page 65 and 66: HSS_04 DAS 'AUDIOVIDUUM' EINE DISKU
Page 67 and 68: References: Kaplan, E. Ann (2001):
Page 69: Vor dem Hintergrund eines ressource
Page 73 and 74: Nelting, David (2010): „‚Un gio
Page 75 and 76: in East Berlin. In the retrospectiv
Page 77 and 78: FINANCIAL RISK AND RESPONSIBILITY S
Page 79 and 80: THE IMPACT OF AID FOR TRADE FACILIT
Page 81 and 82: Martinez-Zarzoso, Inmaculada, Eva M
Page 83 and 84: CROSSCUTTING RELIGION A SURVEY OF R
Page 85 and 86: SPANISCHE UND DEUTSCHE CHATS IM VER
Page 87 and 88: THE RELEVANCE OF METAPHOR TO EVERY
Page 89 and 90: PREMISES OF AID FOR TRADE Jens Kön
Page 91 and 92: INTERNATIONAL TRADE AND GLOBAL POWE
Page 93 and 94: RELATIONS BETWEEN BUDDHISM AND POLI
Page 95 and 96: GAZING UPON THE BORDER OF LIFE AND
Page 97 and 98: DIE INNOVATIVE FLASHBACKSTRUKTUR VO
Page 99 and 100: DER ISLAM - EINE RELIGION AUS GRENZ
Page 101 and 102: COSMOPOLITAN SPACES / SPATIAL COSMO
Page 103 and 104: Results: Out of 1,627 analysed pati
Page 105 and 106: EINE GEMEINDE VON ABWESENDEN? RELIG
Page 107 and 108: Gemeinschaft verbleiben, auf die au
Page 109 and 110: HSS_09 AETHERMAGIC. THE BROADCAST W
Page 111 and 112: THE IMPACT OF NATURAL RESOURCE ABUN
Page 113 and 114: Delikatesse der Empfindung setzt Le
Page 115 and 116: PEDAGOGICAL INNOVATICS AS A NEW BRA
Page 117 and 118: the ―emergence of multilevel syst
Page 119 and 120: HSS_12 VOM COMIC ZUM FILM - (RE)MED
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A LATE MEDIEVAL PERSIAN FROM AN ANG
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umfangreiche Vorversion des Fragebo
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DIE AUSEINANDERSETZUNG MIT DEM APAR
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mein Herangehensweise auf einer Tri
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TWO PHILOSOPHICAL THEORIES OF THE M
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new learning after reactivation was
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HSS_14 THE SOCIO-ECONOMIC IMPACT OF
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Participants
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Life Sciences Name Abstract Poster
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Tobias Starzak tobias.starzak@rub.d
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