OECD Imports : Diversification and Quality Search

This paper explores the evolution of OECD imports over time and as a function of income levels, measuring the concentration of those imports across origin countries at the product level. The authors find evidence of diversification followed, in the...

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Bibliographic Details
Main Authors:	Cadot, Olivier, Carrere, Celine, Kukenova, Madina, Strauss-Kahn, Vanessa
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ADVERSE SELECTION BARGAINING BARRIERS TO ENTRY BENCHMARK BILATERAL TRADE CAPITAL INVESTMENTS CENTRAL BANK COMPARATIVE ADVANTAGE CONTESTABILITY CONTRACTUAL RELATIONSHIPS DEFECTIVE PRODUCTS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DIVERSIFICATION DRIVERS DUMMY VARIABLE DUMMY VARIABLES DUOPOLY ECONOMIC DEVELOPMENT ECONOMIES OF SCALE ELASTICITY ELASTICITY OF SUBSTITUTION EMERGING MARKETS EMERGING STOCK MARKETS EXPANSION EXPECTED RETURNS EXPECTED VALUE EXPORT GROWTH EXPORTER EXPORTERS EXPORTS EXTERNALITIES FIRMS GDP GDP PER CAPITA GINI COEFFICIENT GLOBALIZATION GROWTH MODELS HUMAN CAPITAL INCOME INCOME GROUPS INCOME LEVELS INCOME VOLATILITY INCOMPLETE CONTRACTS INNOVATION INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL TRADE KNOWLEDGE ECONOMY LABOR MANAGEMENT LDCS LESS DEVELOPED COUNTRIES MARKET ENTRY MARKET SHARE MIDDLE INCOME COUNTRIES MONOPOLY MONOPOLY PRICE MORAL HAZARD MULTINATIONAL MULTINATIONALS NATURAL RESOURCES PARENT COMPANY POLITICAL ECONOMY PORTFOLIO POSITIVE COEFFICIENT PRODUCT DIFFERENTIATION PRODUCT QUALITY PRODUCTION PROCESS PRODUCTIVITY REGULATORY BARRIERS RETURN RETURNS TO SCALE SUBSTITUTION SUPPLIER SUPPLIERS SUPPLY CHAINS TRADE REGIMES TRADING TRAINING COSTS UTILITY FUNCTION VOLATILITY WORLD TRADE ORGANIZATION
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_20100428104917 http://hdl.handle.net/10986/3772

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Summary:	This paper explores the evolution of OECD imports over time and as a function of income levels, measuring the concentration of those imports across origin countries at the product level. The authors find evidence of diversification followed, in the last years of the sample period (post-2000), by a slight re-concentration. This re-concentration is entirely explained by the growing importance of Chinese products in OECD imports. They also find evidence of relatively more volatile concentration levels for differentiated goods, consistent with a simple model of adverse selection and screening of suppliers by OECD buyers. Finally, they find that "accession" to OECD markets occurs directly (rather than after acquiring prior export experience on other markets) for more than half of the (extra-OECD) exporter/product pairs, but that one to eight years of experience enhances subsequent survival on OECD markets. Exports that reach OECD markets after more than eight years of experience elsewhere tend to survive less.

OECD Imports : Diversification and Quality Search

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