| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8809 |
| DP8809 Institutions and Export Dynamics | |
| Giordano Mion; Emanuel Ornelas; Luis Araujo | |
| 发表日期 | 2012-01-30 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We study the role of contract enforcement in shaping the dynamics of international trade at the firm level. We develop a theoretical model to describe how agents build reputations to overcome the problems created by weak enforcement of international contracts. We find that, all else equal, exporters start their activities with higher volumes and remain as exporters for a longer period in countries with better contracting institutions. However, conditional on survival, the growth rate of a firm's exports to a country decreases with the quality of the country's institutions. We test these predictions using a rich panel of Belgium exporting firms from 1995 to 2008 to every country in the world. We adopt two alternative empirical strategies. In one specification we use firm-year fixed effects to control for time-varying firm-specific characteristics. Alternatively, we model selection more explicitly with a two-step Heckman procedure using |
| 主题 | International Trade and Regional Economics |
| 关键词 | Contract enforcement Contracting institutions Firm dynamics Firm exports |
| URL | https://cepr.org/publications/dp8809 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537633 |
| 推荐引用方式 GB/T 7714 | Giordano Mion,Emanuel Ornelas,Luis Araujo. DP8809 Institutions and Export Dynamics. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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