Bengt Söderlund

Universitetslektor

Redirecting International Trade: Contracts, Conflicts and Institutions

Författare

Ari Kokko
Bengt Söderlund
Patrik Tingvall

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

Länkar