Journal Article

No. 2012-47 | December 03, 2012
Does Corruption Hinder Trade for the New EU Members? PDF Icon


The paper uses a gravity trade model to examine the impact of corruption on bilateral trade using a data set comprising OECD economies, new EU members and developing nations. Although the level of corruption of both the importing and exporting nations does hinder cross-border transactions, differences between their ethical standards do have a negative impact on trade flows. The model is used to assess the impact on exports and imports of Romania and Bulgaria joining the European Union.

JEL Classification

F14 F15


Nicholas Horsewood and Anca Monika Voicu (2012). Does Corruption Hinder Trade for the New EU Members? Economics: The Open-Access, Open-Assessment E-Journal, 6 (2012-47): 1—28.


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