Abstract

http://ssrn.com/abstract=976785
 
 

References (31)



 


 



Trade Liberalization and Institutional Reforms


Angela Cheptea


National Institute for Agricultural Research (INRA)


Economics of Transition, Vol. 15, No. 2, pp. 211-255, April 2007

Abstract:     
The accession of Central and Eastern European (CEE) countries to the European Union (EU) is expected to lead to the new member countries becoming more like the older members, including in terms of trade. In this paper, we focus on two factors promoting CEEEU trade integration: trade liberalization and institutional reforms. Measures of trade liberalization undertaken by both parties during the 1990s were very substantial, but did not always produce the expected upsurge of regional trade flows. Much less progress has been made in improving the functioning of CEE institutions (e.g., progress in the privatization process or in reducing corruption). Countries where most important changes at the institutional level occurred were also those that most increased their trade with the EU. Comparing the impact of these two factors, we find that improving institutions in CEE countries can generate as much trade as the removal of all tariff and non-tariff barriers. The paper also addresses the issue of the presence of reversed causality between trade and institutions, and the pro-trade effect of institutional similarity.

Number of Pages in PDF File: 45

Accepted Paper Series





Date posted: April 3, 2007  

Suggested Citation

Cheptea, Angela, Trade Liberalization and Institutional Reforms. Economics of Transition, Vol. 15, No. 2, pp. 211-255, April 2007. Available at SSRN: http://ssrn.com/abstract=976785 or http://dx.doi.org/10.1111/j.1468-0351.2007.00286.x

Contact Information

Angela Cheptea (Contact Author)
National Institute for Agricultural Research (INRA) ( email )
147, rue de l'Universite
Paris Cedex 07, 75338
France
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