Butkus, Mindaugas; Seputiene, Janina - In: Economies : open access journal 6 (2018) 4/62, pp. 1-27
threshold level depends on government effectiveness (one of the aspects of countries’ institutional quality) and trade balance … countries over the period of 1996–2016 and on two strategies: (i) splitting of sample into subsamples according to trade balance … effect. Trade balance seems to be more crucial factor than institutional quality, on which threshold level depends. …