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Record Nr. |
UNINA9910788408803321 |
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Autore |
Levchenko Andrei |
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Titolo |
Trade, Inequality, and the Political Economy of Institutions / / Andrei Levchenko, Quý Toàn Ðo |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-2257-3 |
1-4527-4712-1 |
1-283-51310-2 |
9786613825551 |
1-4519-0852-0 |
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Descrizione fisica |
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1 online resource (54 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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International trade |
Income distribution |
Equality |
Investments: Commodities |
Exports and Imports |
Finance: General |
Macroeconomics |
Political Economy |
Agriculture: General |
Trade: General |
General Financial Markets: General (includes Measurement and Data) |
Labor Economics: General |
Investment & securities |
International economics |
Finance |
Political economy |
Labour |
income economics |
Agricultural commodities |
Exports |
Competition |
Labor |
Farm produce |
Economics |
Labor economics |
United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. GOODS AND FACTOR MARKET EQUILIBRIUM""; ""III. POLITICAL ECONOMY""; ""V. DISCUSSION""; ""VI. CONCLUSION""; ""REFERENCES"" |
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Sommario/riassunto |
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We analyze the relationship between international trade and the quality of economic institutions, such as contract enforcement, rule of law, and property rights. In our model, firms differ in their preferences for institutional quality, which is determined endogenously in a political economy framework. We show that trade opening can worsen institutions when it increases the political power of a small elite of large exporters who prefer to maintain bad institutions. The detrimental effect of trade on institutions is most likely to occur when a small country captures a sufficiently large share of world exports in sectors characterized by economic profits. |
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