Tying in International Trade: Evidence on Countertrade
In: New Issues in the Uruguay Round
This paper provides an empirical analysis of countertrade based on 230 transactions whose details were collected from trading houses and firms involved in countertrade. Section 2 describes the data base and states the stylised facts of countertrade that need to be explained. Section 3 gives a critical review of the most frequent explanations of countertrade and confronts them with the data. In section 4 I examine whether evidence of the theoretical gains from tying trade flows can be found in the data. The potential gains from tying considered in this section are those generated by restoring price flexibility in the presence of some market distortions, and those generated by preventing contractual hazards associated with information asymmetry and ex-post bilateral monopoly. Section 5 discusses the implications of the findings of the paper for trade policy and the GATT. -Author
(This abstract was borrowed from another version of this item.)
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|This chapter was published in: ||This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number
12304.||Handle:|| RePEc:nbr:nberch:12304||Contact details of provider:|| Postal: |
Web page: http://www.nber.org
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:nbr:nberch:12304. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.