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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP13904 |
DP13904 Markets and Markup: A New Empirical Framework and Evidence on Exporters from China | |
Meredith A. Crowley; Giancarlo Corsetti; Huasheng Song | |
发表日期 | 2019-08-05 |
出版年 | 2019 |
语种 | 英语 |
摘要 | Firms that dominate global trade export to multiple countries and frequently change their foreign destinations. We develop an estimator of the destination-specific markup elasticity to the exchange rate that controls for endogenous market selection. To proxy for firms' power in local markets, we introduce a new classification of products based on Chinese linguistics that distinguishes between highly and less differentiated goods. Using Chinese customs data, we show that controlling for selectivity unveils significant pricing-to-market for highly differentiated goods. Measured in the importer's currency, the prices of highly differentiated goods are more stable than those of less differentiated products. |
主题 | International Macroeconomics and Finance ; International Trade and Regional Economics |
关键词 | Exchange rates Pricing-to-market Product classification Differentiated goods Markup elasticity Trade elasticity China |
URL | https://cepr.org/publications/dp13904 |
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/542784 |
推荐引用方式 GB/T 7714 | Meredith A. Crowley,Giancarlo Corsetti,Huasheng Song. DP13904 Markets and Markup: A New Empirical Framework and Evidence on Exporters from China. 2019. |
条目包含的文件 | 条目无相关文件。 |
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