汪昌云——EMERGING MARKETS FINANCE AND TRADE:Social Trust, Rule of Law, and Economic Exchange:Evidence from China and Its Major Trading Partners
时间:2019-02-02
Using cross-country panel data and employing the instrumental variable generalized method of moments (GMM) method, this article examines the effect of social trust on economic exchange between China and its major trading partners over the period 2005–2013. Social trust significantly increases bilateral trade and foreign direct investment (FDI) between China and its partners, and this effect is much stronger in nonmember countries of the Organization for Economic Cooperation and Development (OECD