Institutions and export dynamics

Resumo

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.

Ficha do documento

Tipo

Artigo científico

Ano

2016

Instituição

Elsevier

Fonte

Repositório da FGV

Idioma

Inglês

Acesso

Acesso restrito

DOI

10.1016/j.jinteco.2015.08.004

Identificador

oai:repositorio.fgv.br:10438/25464

Temas

EconomiaDesenvolvimento Econômico

Palavras-chave

Contract enforcementContracting institutionsExport experienceFirm-level exportsTrade dynamicsEconomic growthExportInternational tradeBelgiumCrescimento econômicoExportaçãoEconomiaComércio internacionalDesenvolvimento econômico