This paper discusses some of the recent theories of why countries impose countertrade obligations and compares some of the implications of these theories with data obtained from a comprehensive database of countertrade transactions.
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*Jean-Francois Hennart is Anheuser-Busch Assistant Professor of Management at The Wharton School, University of Pennsylvania. The focus of his research is the application of transaction costs theory to international business.
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Hennart, JF. Some Empirical Dimensions of Countertrade. J Int Bus Stud 21, 243–270 (1990). https://doi.org/10.1057/palgrave.jibs.8490334