Trade Liberalization and Export Variety : A Comparison of Mexico and China
The issue of measuring product variety has received relatively little attention due to its inherent difficulty. In the language of index numbers, an expansion in the range of inputs or outputs is a 'new goods' problem: a good that is newl...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/510481468240879976/Trade-liberalization-and-export-variety-a-comparison-of-Mexico-and-China http://hdl.handle.net/10986/27107 |
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okr-10986-271072021-04-23T14:04:40Z Trade Liberalization and Export Variety : A Comparison of Mexico and China Feenstra, Robert C. Kee, Hiau Looi AGGREGATE EXPORTS AGGREGATE TRADE AGGREGATE TRADE FLOWS AGRICULTURE APPAREL AVERAGE TARIFF AVERAGE TARIFFS CHANGES IN TRADE COMPETITION EFFECT CONSTRUCTION CONSUMERS DEMAND CURVE DEMAND SHOCKS DEVELOPMENT ECONOMICS DISCUSSION ECONOMIC STATISTICS ELASTICITY ELASTICITY OF SUBSTITUTION ELECTRONICS INDUSTRY EXPORT EXPORTS FREE TRADE FREE TRADE AREA GDP GLOBAL ECONOMY GLOBALIZATION GROWTH MODELS GROWTH RATE HIGH TARIFFS IDEA IMPERFECT COMPETITION IMPORT RESTRICTIONS INCOME INDEX NUMBERS INNOVATION INNOVATIONS INTERNATIONAL PRICES INTERNATIONAL TRADE LEADING LOW TARIFFS MACROECONOMICS MONOPOLISTIC COMPETITION NATURAL RESOURCES POLITICAL ECONOMY PRICE INDEX PRICE INDEXES PRODUCTION FUNCTION PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GROWTH REDUCTION IN TARIFFS TARIFF BARRIERS TARIFF DATA TARIFF REDUCTION TARIFF REDUCTIONS TARIFF SCHEDULE TRADE AGREEMENT TRADE BARRIERS TRADE DATA TRADE LIBERALIZATION TRADE POLICY VALUATION VALUE OF EXPORTS VALUE OF IMPORTS VARIETY WEALTH WELFARE GAINS WORLD TRADE WTO The issue of measuring product variety has received relatively little attention due to its inherent difficulty. In the language of index numbers, an expansion in the range of inputs or outputs is a 'new goods' problem: a good that is newly available will have an observed price and quantity, but no corresponding price or quantity the year before. The availability of this new good will yield a welfare gain to consumers, as well as a productivity gain to firms buying the new input. In this paper we show how product variety can be measured in the case of a CES aggregator function. This paper is organized as: after reviewing the literature on the 'new goods' problem in section two, then discuss how to measure export variety in section three. In sections four and five discuss the empirical applications to export variety growth in Mexico and China. Regression results relating trade liberalization to industry export variety are presented in section six, and conclusions are given in section seven. 2017-06-13T19:55:20Z 2017-06-13T19:55:20Z 2011 Working Paper http://documents.worldbank.org/curated/en/510481468240879976/Trade-liberalization-and-export-variety-a-comparison-of-Mexico-and-China http://hdl.handle.net/10986/27107 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research East Asia and Pacific Latin America & Caribbean China Mexico |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AGGREGATE EXPORTS AGGREGATE TRADE AGGREGATE TRADE FLOWS AGRICULTURE APPAREL AVERAGE TARIFF AVERAGE TARIFFS CHANGES IN TRADE COMPETITION EFFECT CONSTRUCTION CONSUMERS DEMAND CURVE DEMAND SHOCKS DEVELOPMENT ECONOMICS DISCUSSION ECONOMIC STATISTICS ELASTICITY ELASTICITY OF SUBSTITUTION ELECTRONICS INDUSTRY EXPORT EXPORTS FREE TRADE FREE TRADE AREA GDP GLOBAL ECONOMY GLOBALIZATION GROWTH MODELS GROWTH RATE HIGH TARIFFS IDEA IMPERFECT COMPETITION IMPORT RESTRICTIONS INCOME INDEX NUMBERS INNOVATION INNOVATIONS INTERNATIONAL PRICES INTERNATIONAL TRADE LEADING LOW TARIFFS MACROECONOMICS MONOPOLISTIC COMPETITION NATURAL RESOURCES POLITICAL ECONOMY PRICE INDEX PRICE INDEXES PRODUCTION FUNCTION PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GROWTH REDUCTION IN TARIFFS TARIFF BARRIERS TARIFF DATA TARIFF REDUCTION TARIFF REDUCTIONS TARIFF SCHEDULE TRADE AGREEMENT TRADE BARRIERS TRADE DATA TRADE LIBERALIZATION TRADE POLICY VALUATION VALUE OF EXPORTS VALUE OF IMPORTS VARIETY WEALTH WELFARE GAINS WORLD TRADE WTO |
| spellingShingle |
AGGREGATE EXPORTS AGGREGATE TRADE AGGREGATE TRADE FLOWS AGRICULTURE APPAREL AVERAGE TARIFF AVERAGE TARIFFS CHANGES IN TRADE COMPETITION EFFECT CONSTRUCTION CONSUMERS DEMAND CURVE DEMAND SHOCKS DEVELOPMENT ECONOMICS DISCUSSION ECONOMIC STATISTICS ELASTICITY ELASTICITY OF SUBSTITUTION ELECTRONICS INDUSTRY EXPORT EXPORTS FREE TRADE FREE TRADE AREA GDP GLOBAL ECONOMY GLOBALIZATION GROWTH MODELS GROWTH RATE HIGH TARIFFS IDEA IMPERFECT COMPETITION IMPORT RESTRICTIONS INCOME INDEX NUMBERS INNOVATION INNOVATIONS INTERNATIONAL PRICES INTERNATIONAL TRADE LEADING LOW TARIFFS MACROECONOMICS MONOPOLISTIC COMPETITION NATURAL RESOURCES POLITICAL ECONOMY PRICE INDEX PRICE INDEXES PRODUCTION FUNCTION PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GROWTH REDUCTION IN TARIFFS TARIFF BARRIERS TARIFF DATA TARIFF REDUCTION TARIFF REDUCTIONS TARIFF SCHEDULE TRADE AGREEMENT TRADE BARRIERS TRADE DATA TRADE LIBERALIZATION TRADE POLICY VALUATION VALUE OF EXPORTS VALUE OF IMPORTS VARIETY WEALTH WELFARE GAINS WORLD TRADE WTO Feenstra, Robert C. Kee, Hiau Looi Trade Liberalization and Export Variety : A Comparison of Mexico and China |
| geographic_facet |
East Asia and Pacific Latin America & Caribbean China Mexico |
| description |
The issue of measuring product variety
has received relatively little attention due to its inherent
difficulty. In the language of index numbers, an expansion
in the range of inputs or outputs is a 'new goods'
problem: a good that is newly available will have an
observed price and quantity, but no corresponding price or
quantity the year before. The availability of this new good
will yield a welfare gain to consumers, as well as a
productivity gain to firms buying the new input. In this
paper we show how product variety can be measured in the
case of a CES aggregator function. This paper is organized
as: after reviewing the literature on the 'new
goods' problem in section two, then discuss how to
measure export variety in section three. In sections four
and five discuss the empirical applications to export
variety growth in Mexico and China. Regression results
relating trade liberalization to industry export variety are
presented in section six, and conclusions are given in
section seven. |
| format |
Working Paper |
| author |
Feenstra, Robert C. Kee, Hiau Looi |
| author_facet |
Feenstra, Robert C. Kee, Hiau Looi |
| author_sort |
Feenstra, Robert C. |
| title |
Trade Liberalization and Export Variety : A Comparison of Mexico and China |
| title_short |
Trade Liberalization and Export Variety : A Comparison of Mexico and China |
| title_full |
Trade Liberalization and Export Variety : A Comparison of Mexico and China |
| title_fullStr |
Trade Liberalization and Export Variety : A Comparison of Mexico and China |
| title_full_unstemmed |
Trade Liberalization and Export Variety : A Comparison of Mexico and China |
| title_sort |
trade liberalization and export variety : a comparison of mexico and china |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/510481468240879976/Trade-liberalization-and-export-variety-a-comparison-of-Mexico-and-China http://hdl.handle.net/10986/27107 |
| _version_ |
1764463565354303488 |