Quality and the Great Trade Collapse
Natalie Chen and
Luciana Juvenal
No 5595, CESifo Working Paper Series from CESifo
Abstract:
We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher quality exports grew faster before the crisis, but this trend reversed during the recession. Quantitatively, the effect is large: up to nine percentage points difference in trade performance can be explained by the quality composition of exports. This flight from quality was triggered by a fall in aggregate demand, was more acute when households could substitute imports by domestic alternatives, and was stronger for smaller firms’ exports.
Keywords: exports; heterogeneity; multi-product firms; quality; trade collapse; unit values; wine (search for similar items in EconPapers)
JEL-codes: F10 F14 F41 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)
Downloads: (external link)
https://www.cesifo.org/DocDL/cesifo1_wp5595.pdf (application/pdf)
Related works:
Journal Article: Quality and the Great Trade Collapse (2018) 
Working Paper: Quality and the Great Trade Collapse (2016) 
Working Paper: Quality and the Great Trade Collapse (2016) 
Working Paper: Quality and the Great Trade Collapse (2015) 
Working Paper: Quality and the Great Trade Collapse (2015) 
Working Paper: Quality and the Great Trade Collapse (2015) 
Working Paper: Quality and the Great Trade Collapse (2015) 
Working Paper: Quality and the Great Trade Collapse 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_5595
Access Statistics for this paper
More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().