Government size, institutions, and export performance among OECD economies

Institutions and the Performance of Economies Over Time

The discipline of economics is made up of a static body of theory that explores the efficiency of resource allocation at an instant of time and under the restrictive assumptions of frictionless markets. Recent research has explored the nature of the frictions by incorporating institutions, transaction costs, and political economy into economic analysis thereby providing the theory with a bridge...

Fiscal Multicointegration and Sustainability in OECD Economies

Export Differentiation in Transition Economies

I investigate changes in the structure of trade of seventeen transition economies between 1996 and 2006, focusing on differences across three types of products – homogeneous goods, reference priced goods, and differentiated products. I examine shares of exports of each type of good, intensive and extensive margins, and the hazard of exporting. While there are cross-country differences in the di...

Institutions and Efficiency in Transition Economies

This paper analyzes the effects of political and economic institutions on efficiency of transition economies over the 1995-2005 period. Perpetual Inventory Method is used to construct capital series for these countries, and then stochastic production frontier analysis is used to estimate the efficiency scores and effects of institutions at the same time. The empirical results show that better i...

Institutions and moral hazard in open economies

I investigate the interaction between international trade and national institutional development in an environment characterized by heterogeneous individuals choosing their education levels to maximize their utilities; and institutions alleviating moral hazard by allowing managers to better observe and verify the productive efforts of workers. Liberalized trade allows institutions to serve as i...