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Redirecting International Trade: Contracts, Conflicts and Institutions

Kokko, Ari ; Söderlund, Bengt LU and Tingvall, Patrik (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.
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author
; and
publishing date
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}},
}