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Bengt Söderlund

Kontaktuppgifter

E-post
bengt.soderlund@nek.lu.se

Bengt Söderlund disputerade vid Handelshögskolan i Stockholm 2019 och är associerad till Ratio. Han är forskare vid nationalekonomiska institutionen vid Lunds universitet. Mer om Söderlund och hans forskning kan läsas här.

Engelska flaggan ikonIn English

Relaterade publikationer

    Artikel (med peer review)

    Capital Freedom, Financial Development and Provincial Economic Growth in China

    Söderlund, B., & Gustavsson Tingvall, P.

    Publiceringsår

    2017

    Publicerat i

    The World Economy

    Sammanfattning

    For more than three decades, China has managed to combine rapid economic growth with a strictly regulated financial sector. The discrepancy between economic and financial development has raised the question of whether China might be an exception to the so-called finance–growth nexus. This study examines the relationship between finance and growth at the provincial level in China using a new set of measures of capital freedom and financial development. The results indicate that capital freedom and financial development are associated with both higher income and growth rates. In particular, we find that the marketisation of financial institutions and strengthening of legal and government institutions have a particularly strong impact on income and growth in low-income provinces.

    Related content: Working Paper No. 234

    Artikel (med peer review)

    Redirecting International Trade: Contracts, Conflicts, and Institutions

    Kokko, A., Söderlund, B. & Gustavsson Tingvall, P.

    Publiceringsår

    2014

    Publicerat i

    Journal of Economics and Statistics

    Sammanfattning

    The global financial crisis has accelerated the redirection of trade towards new markets, outside the OECD area, where both demand patterns and the institutional environment differ from those in the OECD. This study provides an empirical examination of the consequences of this shift. Results suggest that weak institutions hamper trade and reduces the length of trade relations, especially for small firms. Furthermore, trade in industries that are characterized by a high degree of trade conflicts and that requires extensive relationship specific investments for trade to occur are comparatively difficult to redirect towards markets with weak institutions.

    Related content: Working paper No. 226

    Artikel (med peer review)

    Dynamic effects of institutions on firm-level exports

    Söderlund, B. & Gustavsson Tingvall, P.

    Publiceringsår

    2014

    Publicerat i

    Review of World Economics

    Sammanfattning

    The gap between theoretically predicted trade patterns and actual trade suggests that our understanding of what shapes trade patterns is incomplete. Institutional barriers may be one factor behind this gap, and recent research suggests that institutions are a greater obstacle to trade than tariffs. Using detailed firm-level data, we analyze how institutional quality in recipient countries affects exports by Swedish firms. Our results suggest that weak institutions in recipient countries make exports to these countries less likely and that exports to countries with weak institutions are characterized by relatively short duration and small volume. Analyzing long-term trade flows, we identified a learning process where exporters become less dependent on institutional quality in the target economy over time. More specifically, in addition to previous research that emphasize learning related to knowledge about the contracting partner and rule of law, we extend this notion and show that there is also a learning process where firms acquire knowledge about the general business climate. When learning about the contractual partner and business institutions in recipients countries takes place, exports increase relatively quickly during the first 2 years of exports and thereafter levels out. Hence, firms that are initially sensitive to weak institutions, start small, and learn how to handle foreign institutions are likely to be most successful in maintaining long-term relationships with foreign markets.

    Related content: Working Paper No. 184

    Working paper

    Ratio Working Paper No. 234: Capital Freedom, Financial Development and Provincial Economic Growth in China

    Söderlund, B. & Gustavsson Tingvall, P.
    Ladda ner

    Publiceringsår

    2014

    Publicerat i

    Capital Freedom, Financial Development and Provincial Economic Growth in China

    Sammanfattning

    For more than three decades, China has managed to combine rapid economic growth with a heavily regulated financial sector. The discrepancy between economic and financial development has raised the question of whether China might be an exception to the so-called finance-growth nexus. This study examines the relationship between finance and growth at the provincial level in China using a new set of measures of capital freedom and financial development. The results indicate that capital freedom and financial development are associated with both higher income and growth rates. In particular, we find that the marketization of financial institutions and strengthening of legal and government institutions have a particularly strong impact on income and growth in low-income provinces.

    Related content: Capital Freedom, Financial Development and Provincial Economic Growth in China

    Working paper

    Working paper No. 226. Redirecting International Trade

    Working paper No. 226. Kokko, Ari. Söderlund, Bengt. Gustavsson Tingvall, Patrik.
    Ladda ner

    Publiceringsår

    2013

    Publicerat i

    Redirecting International Trade: Contracts, Conflicts, and Institutions

    Sammanfattning

    The global financial crisis has accelerated the redirection of trade towards new markets, outside the OECD area, where both demand patterns and the institutional environment differ from those in the OECD. This study provides an empirical examination of the consequences of this shift. Results suggest that weak institutions hamper trade and reduces the length of trade relations, especially for small firms. Furthermore, trade in industries that are characterized by a high degree of trade conflicts and that requires extensive relationship specific investments for trade to occur are comparatively difficult to redirect towards markets with weak institutions.

    Kokko, A., Söderlund, B. & Gustavsson Tingvall, P. (2013). ”Redirecting International Trade: Contracts, Conflicts, and Institutions”. Ratio Working paper No. 226.

    Related content: Redirecting International Trade: Contracts, Conflicts, and Institutions

    Working paper

    Working Paper No. 184. Dynamic Effects of Institutions on Firm-Level Exports

    Söderlund, B. & Gustavsson Tingvall, P.
    Ladda ner

    Publiceringsår

    2012

    Publicerat i

    Dynamic effects of institutions on firm-level exports

    Sammanfattning

    The gap between theoretically predicted trade patterns and actual trade suggests that our understanding of what shapes trade patterns is incomplete. Institutional barriers may be one factor behind this gap and recent research suggests that institutions are a greater obstacle to trade than are tariffs. Using detailed firm-level data, we analyze how institutional quality in recipient countries affects exports by Swedish firms. Our results suggest that weak institutions hamper exports and that firms that successfully maintain long-term exports do so by starting small and successively increase exports as they learn to know the target market.

    Related content: Dynamic effects of institutions on firm-level exports