| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14080 |
| DP14080 Sector and Importer Determinants of Prices for Traded Intermediates | |
| Eddy Bekkers; Joseph Francois; Miriam Manchin | |
| 发表日期 | 2019-10-24 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | While the literature on traded goods prices emphasizes final goods prices and related consumer theory to explain variation in goods prices with importer characteristics, trade in intermediates actually constitutes about two-thirds of total trade. We propose a mechanism for explaining variations in the prices of intermediates as a function of importer characteristics, wherein production is vulnerable to failure and the probability of failure declines in the quality of intermediates. Higher wages mean a greater opportunity cost of failure, leading to a stronger demand for high-quality intermediates where firms face higher wages. We find empirical support for this mechanism in the case of intermediate goods using IV regressions. In addition, our findings indicate that while the cost of labor explains about one-fifth of variation in imported intermediate prices, it is a non-significant determinant of imported final good prices. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Traded goods prices Intermediates trade |
| URL | https://cepr.org/publications/dp14080 |
| 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/542966 |
| 推荐引用方式 GB/T 7714 | Eddy Bekkers,Joseph Francois,Miriam Manchin. DP14080 Sector and Importer Determinants of Prices for Traded Intermediates. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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