The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Relationship-Specificity, Incomplete Contracts, and the Pattern of Trade
Open accessAbstract
Is a country's ability to enforce contracts an important determinant of comparative advantage? To answer this question, I construct a variable that measures, for each good, the proportion of its intermediate inputs that require relationship-specific investments. Combining this measure with data on trade flows and judicial quality, I find that countries with good contract enforcement specialize in the production of goods for which relationship-specific investments are most important. According to my estimates contract enforcement explains more of the pattern of trade than physical capital and skilled labor combined.
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Cited by
The Economic Consequences of Legal Origins
Porta, R. L., Lopez-de-Silanes, F., & Shleifer, A. (2008) · Journal of Economic Literature · doi:10.1257/jel.46.2.285 · Cited by 3,220
Cultural Biases in Economic Exchange?*
Guiso, L., Sapienza, P., & Zingales, L. (2009) · Quarterly Journal of Economics · doi:10.1162/qjec.2009.124.3.1095 · Cited by 1,922
The Surprisingly Swift Decline of US Manufacturing Employment
Pierce, J. R., & Schott, P. K. (2016) · American Economic Review · doi:10.1257/aer.20131578 · Cited by 1,363
Fajgelbaum, P. D., Goldberg, P. K., Kennedy, P. J., & Khandelwal, A. K. (2020) · The Quarterly Journal of Economics · doi:10.1093/qje/qjz036 · Cited by 1,030
What Goods Do Countries Trade? A Quantitative Exploration of Ricardo's Ideas
Costinot, A., Donaldson, D., & Komunjer, I. (2012) · The Review of Economic Studies · doi:10.1093/restud/rdr033 · Cited by 526
Metadata
- Authors
- Nunn, N.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 2007-05-01
- Volume
- 122
- Issue
- 2
- Pages
- 569-600
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W1528104378
- Cited by
- 1,694
- References
- 3
- FWCI
- 101.28
- Type
- journal article
- Language
- en
- Open access
- bronze
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