Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/american-economic-association/within-industry-specialization-and-global-market-power-qfCo0BtrCz
References (114)
-
J. Laffont, J. Tirole (1993)
A Theory of Incentives in Procurement and Regulation -
G. Hanoch (1975)
The Elasticity of Scale and the Shape of Average CostsThe American Economic Review, 65
-
R. Feenstra, John Romalis (2012)
International Prices and Endogenous QualityNBER Working Paper Series
-
J. Cragg, Stephen Donald (1993)
Testing Identifiability and Specification in Instrumental Variable ModelsEconometric Theory, 9
-
(2007)
Bureau for Research and Economic Analysis of DevelopmentTrade, Quality Upgrading and Wage Inequality in the Mexican Manufacturing Sector -
total, I am estimating 15 × 70 = 1050 parameters across all industries in the sample -
Steven Berry, J. Levinsohn, A. Pakes (1995)
Automobile Prices in Market EquilibriumEconometrica, 63
-
A. Levchenko, Jing Zhang (2013)
Ricardian Productivity Differences and the Gains from TradeNBER Working Paper Series
-
(2012)
credit, including © notice, is given to the source. Competition, Markups, and the Gains from International Trade -
(2011)
An anatomy of international trade: Evidence from french firms -
(2011)
Five parameters, vector β, that characterize the iceberg trade costs -
Peter Klenow, Jonathan Willis (2006)
Real Rigidities and Nominal Price ChangesMacroeconomics: Production & Investment eJournal
-
Volodymyr Lugovskyy, Alexandre Skiba (2012)
How Geography Affects QualityInternational Trade eJournal
-
John Romalis (2005)
NAFTA's and CUSFTA's Impact on International TradeThe Review of Economics and Statistics, 89
-
Soong Lee (2010)
World development indicators 2010 -
C. Jones (2011)
Intermediate Goods and Weak Links in the Theory of Economic DevelopmentAmerican Economic Journal: Macroeconomics, 3
-
G. Ottaviano, Marc Melitz (2005)
Market Size, Trade, and ProductivityUrban Economics & Regional Studies (Forthcoming)
-
R. Baldwin, J. Harrigan (2007)
Zeros, Quality and Space: Trade Theory and Trade EvidenceNBER Working Paper Series
-
David Hummels, Volodymyr Lugovskyy (2009)
International Pricing in a Generalized Model of Ideal VarietyJournal of Money, Credit and Banking, 41
-
R. Baldwin, Tadashi Ito (2008)
Quality Competition Versus Price Competition Goods: An Empirical ClassificationNBER Working Paper Series
-
Costas Arkolakis, Arnaud Costinot, D. Donaldson, A. Rodrı́guez-Clare (2015)
The Elusive Pro-Competitive Effects of TradeERN: International Trade (Topic)
-
Lisandra Flach (2017)
A note on the isomorphism of heterogeneous firms modelsEconomics Letters, 155
-
Arnaud Costinot, A. Rodrı́guez-Clare (2013)
Trade Theory with Numbers: Quantifying the Consequences of GlobalizationNBER Working Paper Series
-
M. Crozet, K. Head, T. Mayer (2009)
Quality Sorting and Trade: Firm-Level Evidence for French WineCEPR Discussion Paper Series
-
J. Hallak, Jagadeesh Sivadasan (2013)
Product and Process Productivity: Implications for quality choice and conditional exporter premiaJournal of International Economics, 91
-
Beatriz Blas, Katheryn Russ (2015)
Understanding Markups in the Open EconomyAmerican Economic Journal: Macroeconomics, 7
-
J. Imbs, I. Mejean (2008)
Elasticity OptimismERN: Collecting
-
Kiminori Matsuyama, Philip Ushchev (2017)
Beyond CES: Three Alternative Classes of Flexible Homothetic Demand SystemsERN: Consumption
-
(2006)
Generalized reduced rank tests using the singular value decomposition -
J. Sutton (2007)
Quality, Trade and the Moving Window: The Globalization ProcessWiley-Blackwell: Economic Journal
-
L. Brandt, Johannes Biesebroeck, Luhang Wang, Yifan Zhang (2017)
WTO Accession and Performance of Chinese Manufacturing FirmsThe American Economic Review, 107
-
James Anderson, Eric Wincoop (2001)
Gravity with Gravitas: A Solution to the Border PuzzleNBER Working Paper Series
-
Vanessa Alviarez, N. Ramondo (2019)
Accounting for cross-country income differences: New evidence from multinational firms∗ -
David Hummels (1999)
Toward a Geography of Trade CostsInternational Trade
-
K. Head, T. Mayer (2013)
Gravity Equations: Workhorse, Toolkit, and CookbookEconometric Modeling: International Economics eJournal
-
D. Acemoglu, Simon Johnson, James Robinson (2000)
The Colonial Origins of Comparative Development: An Empirical InvestigationMIT Economics Department Working Paper Series
-
Michael Waugh, Timothy Kehoe, N. Kocherlakota, Sam Kortum, Kei-Mu Finally
Federal Reserve Bank of Minneapolis Research Department Staff Report 435 International Trade and Income Differences * -
Alessandro Nicita, M. Olarreaga (2007)
Trade, Production, and Protection Database, 1976-2004The World Bank Economic Review, 21
-
T. Mayer, Soledad Zignago (2011)
Notes on CEPII’s Distances Measures: The GeoDist DatabaseEconometric Modeling: International Economics eJournal
-
A. Khandelwal (2009)
The Long and Short (of) Quality LaddersInternational Trade eJournal
-
M. Timmer, A. Erumban, Reitze Gouma, B. Los, U. Temurshoev, Gaaitzen Vries, I. Arto, Valeria Genty, Frederik Neuwahl, JosŽ Cantuche, J. François, Olga Pindyuk, Johannes Pšschl, Robert Stehrer, G. Streicher (2012)
The World Input-Output Database (WIOD): Contents, Sources and Methods -
Jan Loecker, P. Goldberg, A. Khandelwal, Nina Pavcnik (2012)
Prices, Markups and Trade ReformCEPR Discussion Paper Series
-
Pedro Bento (2014)
Niche Firms, Mass Markets, and Income Across Countries: Accounting for the Impact of Entry CostsJournal of Economic Dynamics and Control, 48
-
C. Fornell, Michael Johnson, E. Anderson, Jaesung Cha, B. Bryant (1996)
The American Customer Satisfaction Index: Nature, Purpose, and FindingsJournal of Marketing, 60
-
E. Helpman (1984)
Increasing returns, imperfect markets, and trade theoryHandbook of International Economics, 1
-
T. Holmes, John Stevens (2014)
An Alternative Theory of the Plant Size Distribution, with Geography and Intra- and International TradeJournal of Political Economy, 122
-
(2007)
Summary Statistics of the Colombian Import Data. Year Statistic -
Jonathan Dingel, Booth (2016)
NBER WORKING PAPER SERIES THE DETERMINANTS OF QUALITY SPECIALIZATION -
Aart Kraay, J. Ventura (1998)
Comparative Advantage and the Cross-Section of Business CyclesInternational Trade
-
Costas Arkolakis, Arnaud Costinot, A. Rodrı́guez-Clare (2009)
New Trade Models, Same Old Gains?International Trade eJournal
-
J. Sousa, T. Mayer, Soledad Zignago (2012)
DIRECTION GÉNÉRALE DES ÉTUDES ET DES RELATIONS INTERNATIONALES MARKET ACCESS IN GLOBAL AND REGIONAL TRADE -
Ina Simonovska, Michael Waugh (2011)
The Elasticity of Trade: Estimates and EvidenceNBER Working Paper Series
-
Federico Díez, D. Leigh, Suchanan Tambunlertchai (2018)
Global Market Power and its Macroeconomic ImplicationsERN: Imperfect Competition (Topic)
-
P. Bertoletti (2015)
International Trade with Indirect Additivity ∗ -
(2016)
Grounded by Gravity: A -
Once e k is known, the expenditure share on segment L is automatically given by -
Edward Prescott (1998)
Needed: a theory of total factor productivityInternational Economic Review, 39
-
Tax value includes tariff and value-added tax. The number of varieties indexes the number of country-firm -
Christian Broda, David Weinstein (2004)
Globalization and the Gains from Variety -
George Alessandria, Joseph Kaboski (2007)
Pricing-to-Market and the Failure of Absolute PPPERN: Pricing (Topic)
-
G. Grossman, E. Helpman (1989)
Quality Ladders in the Theory of GrowthInternational Trade
-
(2008)
Distorted Gravity: The Intensive and Extensive Margins of International TradeInternational Trade eJournal
-
Ralph Ossa (2012)
Why Trade Matters after AllEconometric Modeling: International Economics eJournal
-
Stephen Parente, E. Prescott (2000)
Barriers to riches -
Phillip McCalman, Alan Spearot (2013)
Why trucks jump: Offshoring and product characteristicsJournal of International Economics, 91
-
Ahmad Lashkaripour (2019)
Scale Economies and the Structure of Trade and Industrial Policy∗ -
T. Hertel, David Hummels, M. Ivanic, R. Keeney (2003)
How Confident Can We Be in Cge-Based Assessments of Free Trade Agreements?ERN: Behavioral Economics (Topic)
-
Wyatt Brooks, P. Pujolas (2016)
Nonlinear Gravity -
E. Prescott, Edward PRESCOTT1t (2007)
Lawrence R. Klein Lecture 1997: Needed: A Theory of Total Factor Productivity -
P. Bertoletti, Federico Etro (2017)
Monopolistic Competition When Income MattersWiley-Blackwell: Economic Journal
-
P. Goldberg (1995)
Product Differentiation and Oligopoly in International Markets: The Case of the U.S. Automobile IndustryEconometrica, 63
-
Alan Spearot (2013)
Variable demand elasticities and tariff liberalizationJournal of International Economics, 89
-
Thibault Fally (2018)
Integrability and Generalized SeparabilityNBER Working Paper Series
-
R. Hall, C. Jones (1998)
Why Do Some Countries Produce so Much More Output Per Worker than Others?Macroeconomics eJournal
-
Helge Hveem (2018)
Global Market PowerThe Palgrave Handbook of Contemporary International Political Economy
-
Colin Hottman, S. Redding, David Weinstein (2014)
Quantifying the Sources of Firm HeterogeneityInnovation & Management Science eJournal
-
(2002)
Testing for weak instruments in linear iv regression -
Thirty-two exporter×industry fixed effects, T k = T j,k -
D. Rodrik (1988)
Industrial Organization and Product Quality: Evidence from South Korean and Taiwanese Exports -
Haichao Fan, Y. Li, S. Yeaple (2014)
Trade Liberalization, Quality, and Export PricesReview of Economics and Statistics, 97
-
Miles Kimball (1995)
The Quantitative Analytics of the Basic Neomonetarist ModelMacroeconomics eJournal
-
Thirty-two importer×industry fixed effects, e k = [e i,H ], that characterize the expenditure shares on segment H in industry k -
Lorenzo Caliendo, F. Parro, Robert Lucas, Samuel Kortum, N. Stokey, Fernando Alvarez, Costas Arkolakis, K. Bagwell, Francesco Caselli, Thomas Chaney, Dave Donaldson, Jonathan Eaton, Rob Feenstra, Cecilia Fieler, Gordon Hanson, Timothy Kehoe, Kalina Manova, Brent Neiman, Ralph Ossa, Steve Redding, John Romalis, Peter Schott, R. Shimer, Bob Staiger, Daniel Sturm, Chang-Tai Hsieh (2011)
Estimates of the Trade and Welfare Effects of NAFTAInternational Political Economy: Trade Policy eJournal
-
Marc Melitz (2012)
NBER WORKING PAPER SERIES HETEROGENEOUS FIRMS AND TRADE -
T. Anderson, H. Rubin (1949)
Estimation of the Parameters of a Single Equation in a Complete System of Stochastic EquationsAnnals of Mathematical Statistics, 20
-
Thomas Holmes, T. Holmes, Wen-Tai Hsu, Sanghoon Lee (2013)
Allocative Efficiency, Mark-Ups, and the Welfare Gains from TradeKauffman: Large Research Projects (Topic)
-
(2012)
World Bank-free PDF. 1. One hundred exporter fixed effects -
Jan Loecker, J. Eeckhout (2017)
The Rise of Market Power and the Macroeconomic ImplicationsMicroeconomics: Production
-
Marcela Eslava, J. Tybout, D. Jinkins, C. Krizan, J. Eaton (2021)
A Search and Learning Model of Export DynamicsSSRN Electronic Journal
-
J. Campa, L. Goldberg (1993)
Investment in Manufacturing, Exchange-Rates and External ExposureNBER Working Paper Series
-
J. Sutton, Daniel Trefler (2016)
Capabilities, Wealth, and TradeJournal of Political Economy, 124
-
Stephen Parente, E. Prescott (1999)
Monopoly rights: a barrier to richesThe American Economic Review, 89
-
J. Loecker, C. Fuss, Johannes Biesebroeck (2014)
International competition and firm performance: Evidence from Belgium -
J. Hallak (2006)
Product quality and the direction of tradeJournal of International Economics, 68
-
David Hummels, Alexandre Skiba (2002)
Shipping the Good Apples Out? An Empirical Confirmation of the Alchian‐Allen ConjectureJournal of Political Economy, 112
-
Hélène Erkel-Rousse, D. Mirza (2002)
Import Price Elasticities: Reconsidering the EvidenceInternational Trade
-
(2011)
kincome distribution -
Peter Klenow, A. Rodrı́guez-Clare (1997)
The Neoclassical Revival in Growth Economics: Has It Gone Too Far?NBER Macroeconomics Annual, 12
-
(2010)
United Nations Commodity Trade Statistics Database -
Peter Schott (2004)
Across-Product Versus Within-Product Specialization in International TradeQuarterly Journal of Economics, 119
-
David Hummels, Peter Klenow (2005)
The Variety and Quality of a Nation's ExportsThe American Economic Review, 95
-
J. Hausman, Gregory Leonard, J. Zona (1994)
Competitive Analysis with Differentiated ProductsAnnals of economics and statistics
-
K. Head, T. Mayer, J. Ries (2008)
The Erosion of Colonial Trade Linkages after IndependenceEconomic History
-
Thibault Fally (2019)
Generalized separability and the gains from tradeEconomics Letters
-
Pablo Fajgelbaum, G. Grossman, E. Helpman (2009)
Income Distribution, Product Quality, and International TradeJournal of Political Economy, 119
-
R. Baldwin, Tadashi Ito (2011)
Quality competition versus price competition goods -
G. Gaulier, Soledad Zignago (2009)
BACI: International Trade Database at the Product-Level (the 1994-2007 Version)International Political Economy: Trade Policy eJournal
-
Ina Simonovska (2010)
Income Differences and Prices of Tradables: Insights from an Online RetailerERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic)
-
Y. Choi, David Hummels, Chong Xiang (2009)
Explaining import quality: The role of the income distributionJournal of International Economics, 77
-
G. Ottaviano, T. Tabuchi, Jacques-François Thisse (2002)
Agglomeration and Trade RevisitedMacroeconomics eJournal
-
Ana Fieler (2011)
Nonhomotheticity and Bilateral Trade: Evidence and a Quantitative ExplanationEconometrica, 79
-
Olivier Coibion, L. Einav, J. Hallak (2007)
Equilibrium demand elasticities across quality segmentsInternational Journal of Industrial Organization, 25
-
Robert Johnson (2008)
Trade and Prices with Heterogeneous FirmsJournal of International Economics, 86
-
(2001)
Quantifying quality growth
- Publisher
- American Economic Association
- Copyright
- Copyright © 2020 © American Economic Association
- ISSN
- 1945-7685
- DOI
- 10.1257/mic.20170336
- Publisher site
- See Article on Publisher Site
Abstract
AbstractExport price levels exhibit tremendous cross-national and spatial variation, even within narrowly defined industries. Standard theories attribute this variation to within-industry quality specialization. This paper argues that a significant portion of the export price variation is driven by rich and remote economies specializing in high-market power segments of industries. I also argue that this particular pattern of specialization (i) accounts for 30 percent of the overall gains from trade, and (ii) explains more than 37 percent of the observed cross-national income inequality. (JEL D43, F12, F13, F14, L15, L22, O19)
Journal
American Economic Journal: Microeconomics – American Economic Association
Published: Feb 1, 2020