ESTIMATING CROSS-COUNTRY DIFFERENCES IN PRODUCT QUALITY

被引:269
|
作者
Hallak, Juan Carlos [1 ,2 ]
Schott, Peter K. [2 ,3 ]
机构
[1] Univ San Andres, La Paz, Bolivia
[2] Natl Bur Econ Res, Cambridge, MA 02138 USA
[3] Yale Univ, Sch Management, New Haven, CT 06520 USA
来源
QUARTERLY JOURNAL OF ECONOMICS | 2011年 / 126卷 / 01期
基金
美国国家科学基金会;
关键词
TRADE; EXPORT; PRICE;
D O I
10.1093/qje/qjq003
中图分类号
F [经济];
学科分类号
02 ;
摘要
We develop a method for decomposing countries' observed export prices into quality versus quality-adjusted components using information contained in trade balances. Holding observed export prices constant, countries with trade surpluses are inferred to offer higher quality than countries running trade deficits. We account for variation in trade balances induced by horizontal and vertical differentiation, and we estimate the evolution of manufacturing quality for top exporters from 1989 to 2003. We find that observed unit value ratios can be a poor approximation for relative quality differences, countries' quality is converging more rapidly than their income, and countries appear to vary in terms of displaying "high-quality" versus "low-price" growth strategies. JEL Codes: F1, F2, F4.
引用
收藏
页码:417 / 474
页数:58
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