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; Lu Han; Huasheng Song
发表日期	2019-08-05
出版年	2019
语种	英语
摘要	Exporting firms frequently change the set of foreign markets they serve: changes in the pattern of destinations for a firm's product convey information on unobservable factors affecting pricing and market participation. Building on this insight, we show how to construct a "trade-pattern" fixed effect estimator that helps reduce omitted variable and selection biases in analyses of pricing-to-market. Using this estimator and a new product classification, we document substantial markup elasticities to the exchange rate among exporters of highly differentiated goods, accounting for half of China's exports. Conversely, we find little evidence of pricing-to-market in the trade of less differentiated goods.
主题	International Macroeconomics and Finance ; International Trade and Regional Economics
关键词	exchange rate Markup elasticity Pricing-to-market Trade pattern Product classification Differentiated goods China
URL	https://cepr.org/publications/dp13904-0
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/542783
推荐引用方式 GB/T 7714	Meredith A. Crowley,Giancarlo Corsetti,Lu Han,et al. DP13904 Markets and Markup: A New Empirical Framework and Evidence on Exporters from China. 2019.