Institutions and export dynamics

被引:94
作者
Araujo, Luis [1 ,2 ]
Mion, Giordano [3 ,4 ]
Ornelas, Emanuel [5 ]
机构
[1] Sao Paulo Sch Econ FGV, BR-01332000 Sao Paulo, SP, Brazil
[2] Michigan State Univ, BR-01332000 Sao Paulo, SP, Brazil
[3] Univ Sussex, CEPR, Brighton BN1 9SL, E Sussex, England
[4] Univ Sussex, CEP Jubilee Bldg, Brighton BN1 9SL, E Sussex, England
[5] London Sch Econ CEPR CEP & CESifo, Sao Paulo Sch Econ FGV, BR-01332000 Sao Paulo, SP, Brazil
关键词
Firm-level exports; Contract enforcement; Trade dynamics; Export experience; Contracting institutions; INCOMPLETE CONTRACTS; INTRAFIRM TRADE; PATTERN;
D O I
10.1016/j.jinteco.2015.08.004
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study how contract enforcement and export experience shape firm export dynamics in an environment with incomplete information. We show that exporters start with higher volumes and sell for longer periods in countries with better contracting institutions and when they have prior foreign experience. However, conditional on survival, firm export growth decreases with the quality of the country's institutions. Controlling for time-varying firm unobservables and other factors, we confirm these and other predictions using a panel of Belgian exporting firms from 1995 to 2008. The results highlight the manifold implications of export experience and contracting institutions for firm dynamics in foreign markets. (C) 2015 Elsevier B.V. All rights reserved.
引用
收藏
页码:2 / 20
页数:19
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