Hijacking, Hold-Up, and International Trade

Douglas Marcouiller

No 477, Boston College Working Papers in Economics from Boston College Department of Economics

Abstract: Insecurity impedes trade. Using a variant of the gravity model (the workhorse of empirical international economics) Anderson and Marcouiller (1999) showed that transparent government policies and enforceable commercial contracts significantly reduce trade costs and increase trade volume. This paper asks two further questions. Does insecurity impede some types of trade more than others? Do different dimensions of insecurity affect different types of trade differently?

JEL-codes: F1 D23 O17 (search for similar items in EconPapers)
Date: 2000-08-31
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Persistent link: http://EconPapers.repec.org/RePEc:boc:bocoec:477

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