| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11861 |
| DP11861 Multi-Product Firms and Product Quality | |
| Kalina Manova; Zhihong Yu | |
| 发表日期 | 2017-02-20 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We examine the global operations of multi-product firms. We present a flexible heterogeneous-firm trade model with either limited or strong scope for quality differentiation. Using customs data for China during 2002-2006, we empirically establish that firms allocate activity across products in line with a product hierarchy based on quality. Firms vary output quality across their products by using inputs of different quality levels. Their core competence is in varieties of superior quality that command higher prices but nevertheless generate higher sales. In markets where they offer fewer products, firms concentrate on their core varieties by dropping low-quality peripheral goods on the extensive margin and by shifting sales towards top-quality products on the intensive margin. The product quality ladder also governs firms' export dynamics, both in general and in response to the exogenous removal of MFA quotas on textiles and apparel. Our results inform the drivers and measurement of firm performance, the effects of trade reforms, and the design of development policies. |
| 主题 | Development Economics ; International Trade and Regional Economics |
| 关键词 | Trade Trade reforms Multi-product firms Product quality Export prices |
| URL | https://cepr.org/publications/dp11861 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540674 |
| 推荐引用方式 GB/T 7714 | Kalina Manova,Zhihong Yu. DP11861 Multi-Product Firms and Product Quality. 2017. |
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