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Entrepreneurship in international trade
| Content Provider | Library of Congress - Books/Printed Material |
|---|---|
| Author | Rauch, James E. Watson, Joel |
| Temporal Coverage | 2002 |
| Copyright Year | 2002 |
| Abstract | "Motivated by evidence on the importance of incomplete information and networks in international trade, we investigate the supply of 'network intermediation.' We hypothesize that the agents who become international trade intermediaries first accumulate networks of foreign contacts while working as employees in production or sales, then become entrepreneurs who sell access to and use of the networks they accumulated. We report supportive results regarding this hypothesis from a pilot survey of international trade intermediaries. We then build a simple general-equilibrium model of this type of entrepreneurship, and use it for comparative statics and welfare analysis. One welfare conclusion is that intermediaries may have inadequate incentives to maintain or expand their networks, suggesting a rationale for the policies followed by some countries to encourage large-scale trading companies that imitate the Japanese sogo shosha"--National Bureau of Economic Research web site. |
| Language | English |
| Publisher | National Bureau of Economic Research |
| Publisher Place | Cambridge, MA |
| Part of Series | Catalog |
| Requires | HTML5 supported browser |
| Access Restriction | Open |
| Subject Keyword | Econometric Models Entrepreneurship International Trade |
| Subject Domain (in LCSH) | International trade--Econometric models |
| Subject Domain (in LCSH) | Entrepreneurship--Econometric models |
| Subject Domain (in LCC) | HB1 |
| Content Type | Text |
| Resource Type | Book |
