Redirecting International Trade: Contracts, Conflicts, and Institutions

Ari Kokko, Bengt Söderlund, Patrik Gustavsson Tingvall

    Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

    Resumé

    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.
    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.
    SprogEngelsk
    TidsskriftJahrbuecher fuer Nationaloekonomie und Statistik
    Vol/bind234
    Udgave nummer6
    Sider688-721
    ISSN0021-4027
    StatusUdgivet - 2014

    Emneord

      Citer dette

      Kokko, Ari ; Söderlund, Bengt ; Tingvall, Patrik Gustavsson. / Redirecting International Trade : Contracts, Conflicts, and Institutions. I: Jahrbuecher fuer Nationaloekonomie und Statistik. 2014 ; Bind 234, Nr. 6. s. 688-721
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      Redirecting International Trade : Contracts, Conflicts, and Institutions. / Kokko, Ari; Söderlund, Bengt; Tingvall, Patrik Gustavsson.

      I: Jahrbuecher fuer Nationaloekonomie und Statistik, Bind 234, Nr. 6, 2014, s. 688-721 .

      Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

      TY - JOUR

      T1 - Redirecting International Trade

      T2 - Jahrbuecher fuer Nationaloekonomie und Statistik

      AU - Kokko,Ari

      AU - Söderlund,Bengt

      AU - Tingvall,Patrik Gustavsson

      PY - 2014

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      N2 - 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.

      AB - 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.

      KW - Exports

      KW - Offshoring

      KW - Trade

      KW - Institutions

      KW - Conflicts

      KW - Contracts

      M3 - Journal article

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      JO - Jahrbuecher fuer Nationaloekonomie und Statistik

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