全球智库信息集成服务系统(G2TT): DP13904 Markets and Markup: A New Empirical Framework and Evidence on Exporters from China

G2TT

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.