We study the role of contract enforcement in shaping the dynamics of international trade at the firm level. We develop … using a rich panel of Belgium exporting firms from 1995 to 2008 to every country in the world. We adopt two alternative …

We study the role of contract enforcement in shaping the dynamics of international trade at the firm level. We develop … using a rich panel of Belgium exporting firms from 1995 to 2008 to every country in the world. We adopt two alternative …

We relate the design of contract law to the process of development. In this paper, contract law defines which private … levels of effort and trading among agents. The solution to this problem requires a social contract which meets two conditions …: (i) an economywide delegate (judge) responsible for the enforcement of the social contract and (ii) a set of non …