Export Quality Dynamics
Country export quality (measured by unit values) is correlated with income level suggesting that studying quality dynamics potentially offers insights into the development process. This paper uses highly disaggregated trade data to explore the expo...
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| Format: | Policy Research Working Paper |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110622134741 http://hdl.handle.net/10986/3465 |
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okr-10986-34652021-04-23T14:02:10Z Export Quality Dynamics Krishna, Pravin Maloney, William F. AVERAGE GROWTH AVERAGE GROWTH RATE BILATERAL TRADE COMMODITIES COMMODITY CROSS COUNTRY CUSTOMS DEPENDENT VARIABLE DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT EFFORTS DEVELOPMENT INDICATORS DEVELOPMENT POLICY DEVELOPMENT RESEARCH ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC RENTS ECONOMIC THEORY ECONOMICS LITERATURE ECONOMICS RESEARCH EMPIRICAL LITERATURE EQUILIBRIUM THEORY EXPORTS EXTERNALITIES FIXED EFFECTS GDP GDP PER CAPITA GLOBAL ECONOMY GROWTH RATE GROWTH RATES HUMAN CAPITAL INCOME INCOME LEVELS INTERNATIONAL TRADE ITC MACROECONOMICS MEAN GROWTH PER CAPITA INCOMES POLICY RESEARCH POOR COUNTRIES PROPERTY RIGHTS PURCHASING POWER TECHNOLOGY FRONTIER Country export quality (measured by unit values) is correlated with income level suggesting that studying quality dynamics potentially offers insights into the development process. This paper uses highly disaggregated trade data to explore the export quality (unit value) dynamics of goods exported to the United States over the 1990-2000 period. In addition to finding considerable heterogeneity in the relative quality of exports across countries and across goods within countries, the authors find that the rate of quality growth varies substantially across countries, as well. Specifically, the fastest growth is seen in exports from the richer (OECD) countries, implying an evolving divergence in product quality across regions. This divergence obtains despite evidence of conditional convergence in quality over time- goods with lower initial relative quality levels experience faster growth in quality. The data suggest that part of this divergence is driven by the product mix itself -- OECD exported products experience intrinsically higher growth rates. This is consistent with the argument of Hausmann, Hwang and Rodrik (2007) that what countries export does matter for growth. However, it is partly driven by a higher growth rate of quality in the richer countries independent of convergence effects, suggesting that other country-specific factors impeding overall convergence are at work. Finally, there is very limited technological "leap-frogging" by countries across product lines as the relative quality of new exports, on average, is roughly the same as incumbent exports, both in richer countries and elsewhere. 2012-03-19T18:02:57Z 2012-03-19T18:02:57Z 2011-06-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110622134741 http://hdl.handle.net/10986/3465 English Policy Research working paper ; no. WPS 5701 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AVERAGE GROWTH AVERAGE GROWTH RATE BILATERAL TRADE COMMODITIES COMMODITY CROSS COUNTRY CUSTOMS DEPENDENT VARIABLE DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT EFFORTS DEVELOPMENT INDICATORS DEVELOPMENT POLICY DEVELOPMENT RESEARCH ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC RENTS ECONOMIC THEORY ECONOMICS LITERATURE ECONOMICS RESEARCH EMPIRICAL LITERATURE EQUILIBRIUM THEORY EXPORTS EXTERNALITIES FIXED EFFECTS GDP GDP PER CAPITA GLOBAL ECONOMY GROWTH RATE GROWTH RATES HUMAN CAPITAL INCOME INCOME LEVELS INTERNATIONAL TRADE ITC MACROECONOMICS MEAN GROWTH PER CAPITA INCOMES POLICY RESEARCH POOR COUNTRIES PROPERTY RIGHTS PURCHASING POWER TECHNOLOGY FRONTIER |
| spellingShingle |
AVERAGE GROWTH AVERAGE GROWTH RATE BILATERAL TRADE COMMODITIES COMMODITY CROSS COUNTRY CUSTOMS DEPENDENT VARIABLE DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT EFFORTS DEVELOPMENT INDICATORS DEVELOPMENT POLICY DEVELOPMENT RESEARCH ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC RENTS ECONOMIC THEORY ECONOMICS LITERATURE ECONOMICS RESEARCH EMPIRICAL LITERATURE EQUILIBRIUM THEORY EXPORTS EXTERNALITIES FIXED EFFECTS GDP GDP PER CAPITA GLOBAL ECONOMY GROWTH RATE GROWTH RATES HUMAN CAPITAL INCOME INCOME LEVELS INTERNATIONAL TRADE ITC MACROECONOMICS MEAN GROWTH PER CAPITA INCOMES POLICY RESEARCH POOR COUNTRIES PROPERTY RIGHTS PURCHASING POWER TECHNOLOGY FRONTIER Krishna, Pravin Maloney, William F. Export Quality Dynamics |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5701 |
| description |
Country export quality (measured by unit
values) is correlated with income level suggesting that
studying quality dynamics potentially offers insights into
the development process. This paper uses highly
disaggregated trade data to explore the export quality (unit
value) dynamics of goods exported to the United States over
the 1990-2000 period. In addition to finding considerable
heterogeneity in the relative quality of exports across
countries and across goods within countries, the authors
find that the rate of quality growth varies substantially
across countries, as well. Specifically, the fastest growth
is seen in exports from the richer (OECD) countries,
implying an evolving divergence in product quality across
regions. This divergence obtains despite evidence of
conditional convergence in quality over time- goods with
lower initial relative quality levels experience faster
growth in quality. The data suggest that part of this
divergence is driven by the product mix itself -- OECD
exported products experience intrinsically higher growth
rates. This is consistent with the argument of Hausmann,
Hwang and Rodrik (2007) that what countries export does
matter for growth. However, it is partly driven by a higher
growth rate of quality in the richer countries independent
of convergence effects, suggesting that other
country-specific factors impeding overall convergence are at
work. Finally, there is very limited technological
"leap-frogging" by countries across product lines
as the relative quality of new exports, on average, is
roughly the same as incumbent exports, both in richer
countries and elsewhere. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Krishna, Pravin Maloney, William F. |
| author_facet |
Krishna, Pravin Maloney, William F. |
| author_sort |
Krishna, Pravin |
| title |
Export Quality Dynamics |
| title_short |
Export Quality Dynamics |
| title_full |
Export Quality Dynamics |
| title_fullStr |
Export Quality Dynamics |
| title_full_unstemmed |
Export Quality Dynamics |
| title_sort |
export quality dynamics |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110622134741 http://hdl.handle.net/10986/3465 |
| _version_ |
1764387043761192960 |