Does Strengthening the Rule of Law Foster Trade Openness in the Organization for Security and Co‐Operation in Europe and Other European Countries?

Transparent, stable, and open trade policies are essential for fostering economic growth, resilience, and addressing critical global issues such as climate change, food security, and underdevelopment. This study examines the impact of the rule of law, financial inclusion, economic growth, and inflat...

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Publicado en:American Journal of Economics & Sociology Vol. 85; no. 1; pp. 83 - 96
Autores principales: Komissaryuk, Kateryna, Güngör, Hasan
Formato: Artículo
Publicado: Wiley-Blackwell Jan2026
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Does Strengthening the Rule of Law Foster Trade Openness in the Organization for Security and Co‐Operation in Europe and Other European Countries?
      aug:
        au:
          Komissaryuk, Kateryna
          Güngör, Hasan
        affil: Department of Economics, Faculty of Business and Economics, Eastern Mediterranean University North Cyprus, Mersin, Turkey
      su:
        Europe
        Organization for Security & Co-operation in Europe
        Price inflation
        Economic expansion
        Rule of law
        International organization
        Financial inclusion
        Free trade
        Countries
      sug:
        subj:
          Price inflation
          Economic expansion
          Europe
          Organization for Security & Co-operation in Europe
          Rule of law
          International organization
          Financial inclusion
          Free trade
          Countries
      keyword:
        dualism
        international trade
        MMQR
        monism
        OSCE
        PMG‐ARDL
        rule of law
        dualism
        international trade
        MMQR
        monism
        OSCE
        PMG‐ARDL
        rule of law
      ab: Transparent, stable, and open trade policies are essential for fostering economic growth, resilience, and addressing critical global issues such as climate change, food security, and underdevelopment. This study examines the impact of the rule of law, financial inclusion, economic growth, and inflation on trade within the Organization for Security and Co‐operation in Europe and European countries. The results show that a strong positive relationship between the rule of law and trade in both groups of countries is maintained across nearly all quantiles. Additionally, economic growth has a consistently positive association with trade in both regions. However, financial inclusion negatively affects trade from the second to the sixth quantiles according to the Method of Moments Quantile Regression econometric method. Inflation, on the other hand, does not exhibit a significant relationship with trade. Consequently, both the Organization for Security and Co‐operation in Europe and European countries should make the rule of law, economic growth, and financial inclusion focal points of their trade policies. This study provides important insights that can inform policy decisions in these regions.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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