Institutions and export dynamics

• 成果类型: Article
• 署名作者: Araujo, Luis; Mion, Giordano; Ornelas, Emanuel
• 署名单位: Centre for Economic Policy Research - UK; University of Sussex; University of Sussex
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2015.08.004
• 发表日期: 2016
• 页码: 2-20
• 关键词: Firm-level exports; Contract enforcement; Trade dynamics; Export experience; Contracting institutions

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.