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Institutional Quality and Homogeneity, and Types of International Transactions
This paper investigates the conditions under which institutional homogeneities rather than qualities affect international flows. This issue is important for the validity of harmonization, because no matter which direction negotiations over harmonization take, harmonization is an attempt to enhance homogeneity between the institutions of different countries. Estimation results indicate that when the qualities of trading countries are equally high, while improving institutional qualities does notdoi:10.15002/00009663 fatcat:t6egjvqlybgnbka4rattdopaca