G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11862
DP11862 Cost and Product Advantages: Evidence from Chinese Manufacturing Firms
Jordi Jaumandreu
发表日期2017-02-20
出版年2017
语种英语
摘要We use data on 70,000 Chinese manufacturing firms that sell domestically and export to robustly estimate the joint distribution of unobserved productivity (cost advantages) and unobserved demand heterogeneity (product advantages) from 1998 to 2008. Product advantages show a trade off with cost advantages and are positively related to observed costs. Using the advantages we characterize Chinese manufacturing, that grew competing more on costs than in product advantages (which account for a significant but small 24% of growth). Our estimation highlights important biases affecting the estimates of the coefficients of the production function, demand elasticities and markups, when heterogeneity of demand or its correlation with productivity are ignored. With the separation of cost and product advantages, we revisit and reinterpret recent studies to find new results which change their policy consequences.
主题Industrial Organization
关键词Productivity Cost advantages Demand heterogeneity Product advantages
URLhttps://cepr.org/publications/dp11862
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/540675
推荐引用方式
GB/T 7714
Jordi Jaumandreu. DP11862 Cost and Product Advantages: Evidence from Chinese Manufacturing Firms. 2017.
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