Domestic Institutions as a Source of Comparative Advantage

Domestic institutions can have profound effects on international trade. This chapter reviews the theoretical and empirical underpinnings of this insight. Particular attention is paid to contracting institutions and to comparative advantage, where the bulk of the research has been concentrated. We al...

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Bibliographic Details
Published inHandbook of International Economics Vol. 4; pp. 263 - 315
Main Authors Nunn, Nathan, Trefler, Daniel
Format Book Chapter
LanguageEnglish
Published Elsevier B.V 2014
Subjects
Contracts
Institutions
International trade
Property rights
International trade
D23
F10
Property rights
Institutions
Contracts
F19
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Summary:Domestic institutions can have profound effects on international trade. This chapter reviews the theoretical and empirical underpinnings of this insight. Particular attention is paid to contracting institutions and to comparative advantage, where the bulk of the research has been concentrated. We also consider the reverse causation running from comparative advantage to domestic institutions.
ISBN:9780444543141
0444543147
ISSN:1573-4404
DOI:10.1016/B978-0-444-54314-1.00005-7