Weak enforcement of international contracts substantially reduces international trade. We develop a model where agents …. The model describes the interplay between institutional quality, reputations and the dynamics of international trade. We … its imports by changing both the incentives of current exporters and by inducing entry of new ones. Trade liberalization …

Weak enforcement of international contracts can substantially reduce international trade. We develop a model where … information. The model describes the interplay between institutional quality, reputations and the dynamics of international trade … exporters. Trade liberalization induces current exporters to increase their sales. It could induce entry as well, but this will …

exporting" is pervasive. Sequential exporting has broad but subtle implications for trade policy. For example, a reduction in … trade barriers in a country has delayed entry effects in its own market, while also promoting entry in other markets. This … trade externality poses challenges for the quantification of the effects of trade liberalization programs, while suggesting …

We study the role of contract enforcement in shaping the dynamics of international trade at the firm level. We develop … significantly affect firms’ trade volumes and have manifold implications for firms’ dynamic patterns in foreign markets. …

We study the role of contract enforcement in shaping the dynamics of international trade at the firm level. We develop … significantly affect firms' trade volumes and have manifold implications for firms' dynamic patterns in foreign markets. …

We study the role of contract enforcement in shaping the dynamics of international trade at the firm level. We develop … significantly affect firms' trade volumes and have manifold implications for firms' dynamic patterns in foreign markets …

There is substantially more trade within national borders than across borders. An important explanation for this fact … international trade. It also rationalizes several empirical regularities. We find that history matters for trade volumes, but that … its effects vary with the institutional setting of the country. The same is true for the efficacy of trade liberalization …