| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14624 |
| DP14624 International Trade and Social Connectedness | |
| Johannes Ströbel; Michael Bailey; Theresa Kuchler; Abhinav Gupta; Robert Richmond; Sebastian Hillenbrand | |
| 发表日期 | 2020-04-16 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We use anonymized data from Facebook to construct a new measure of the pairwise social connectedness between 180 countries and 332 European regions. We find that two countries trade more with each other when they are more socially connected and when they share social connections with a similar set of other countries. The social connections that determine trade in each product are those between the regions where the product is produced in the exporting country and those where it is used in the importing country. Once we control for social connectedness, the estimated effect of geographic distance on trade declines substantially, and the effect of country borders disappears. Our findings suggest that social connectedness increases trade by reducing information asymmetries and by providing a substitute for both trust and formal mechanisms of contract enforcement. We also present evidence against omitted variables and reverse causality as alternative explanations for the observed relationships between social connectedness and trade flows. |
| 主题 | Financial Economics ; International Macroeconomics and Finance ; International Trade and Regional Economics ; Macroeconomics and Growth |
| 关键词 | International trade Social connectedness Contract enforcement Information frictions |
| URL | https://cepr.org/publications/dp14624 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543534 |
| 推荐引用方式 GB/T 7714 | Johannes Ströbel,Michael Bailey,Theresa Kuchler,et al. DP14624 International Trade and Social Connectedness. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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