Bengt Söderlund
Universitetslektor
Redirecting International Trade: Contracts, Conflicts and Institutions
Författare
Summary, in English
The global financial crisis has contributed to the redirection of trade towards new markets outside the OECD area, where both demand patterns and the institutional environment differ from those in the OECD. This study provides an empirical examination of the consequences of this shift, based on Swedish firm-level trade data. Results suggest that weak institutions hamper trade and reduce the length of trade relations, especially for small firms. Trade in industries that are characterized by a high frequency of trade conflicts and where transactions require extensive relationship-specific investments are particularly difficult to redirect towards markets with weak institutions.
Publiceringsår
2014
Språk
Engelska
Sidor
688-721
Publikation/Tidskrift/Serie
Jahrbucher fur Nationalokonomie und Statistik
Volym
234
Issue
6
Dokumenttyp
Artikel i tidskrift
Förlag
De Gruyter
Ämne
- Economics
Nyckelord
- exports
- offshoring
- trade
- institutions
- conflicts
- contracts
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 0021-4027