@article{Fałkowski:242321,
      recid = {242321},
      author = {Fałkowski, Jan and Curzi, Daniele and Olper, Alessandro},
      title = {Contract (in)completeness, product quality and trade –  evidence from the food industry},
      address = {2016-07-17},
      number = {1055-2016-86012},
      pages = {20},
      month = {Jul},
      year = {2016},
      abstract = {As the recent contributions to the literature show,  institutional differences are an important source of  comparative advantage. Yet our understanding of the exact  mechanisms through which institutions affect trade flows is  still rather limited. In this paper, focusing on food  sector, we examine a particular channel through which this  effect may occur. Using detailed country-product data, we  focus on the relationship between the quality of  contracting institutions and product quality, which is  commonly perceived as a key feature of how countries  specialise in production. In line with the existing  theoretical arguments, we find that product quality  improvements, which can proxy for an adoption of more  advanced technologies, are associated with products made in  countries-industries characterised by less contractual  incompleteness and characterised by greater initial level  of technological complementarities between intermediate  inputs.},
      url = {http://ageconsearch.umn.edu/record/242321},
      doi = {https://doi.org/10.22004/ag.econ.242321},
}