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Institutions and export dynamics
DOI:10.1016/j.jinteco.2015.08.004.png)
摘要
En 中文
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.
Keyword:
Firm-level exports
Contract enforcement
Trade dynamics
Export experience
Contracting institutions
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4
论文数:
3.3K
被引数:
1.1W
机构
引用论文
The impact of trade on intra-industry reallocations and aggregate industry productivity贸易对产业内再分配和产业总生产率的影响
ECONOMETRICA
IF7.1

