Redirecting International Trade: Contracts, Conflicts and Institutions
(2014) In Jahrbucher fur Nationalokonomie und Statistik 234(6). p.688-721- Abstract
- 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.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/f0a27637-f9d1-4a23-b6db-d0c32fac292d
- author
- Kokko, Ari ; Söderlund, Bengt LU and Tingvall, Patrik
- publishing date
- 2014
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- exports, offshoring, trade, institutions, conflicts, contracts
- in
- Jahrbucher fur Nationalokonomie und Statistik
- volume
- 234
- issue
- 6
- pages
- 34 pages
- publisher
- De Gruyter
- external identifiers
-
- scopus:84966586037
- ISSN
- 0021-4027
- DOI
- 10.1515/jbnst-2014-0604
- language
- English
- LU publication?
- no
- id
- f0a27637-f9d1-4a23-b6db-d0c32fac292d
- date added to LUP
- 2021-01-13 16:27:15
- date last changed
- 2022-02-01 19:28:28
@article{f0a27637-f9d1-4a23-b6db-d0c32fac292d, abstract = {{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.}}, author = {{Kokko, Ari and Söderlund, Bengt and Tingvall, Patrik}}, issn = {{0021-4027}}, keywords = {{exports; offshoring; trade; institutions; conflicts; contracts}}, language = {{eng}}, number = {{6}}, pages = {{688--721}}, publisher = {{De Gruyter}}, series = {{Jahrbucher fur Nationalokonomie und Statistik}}, title = {{Redirecting International Trade: Contracts, Conflicts and Institutions}}, url = {{http://dx.doi.org/10.1515/jbnst-2014-0604}}, doi = {{10.1515/jbnst-2014-0604}}, volume = {{234}}, year = {{2014}}, }