UID:
edoccha_9958099917702883
Format:
1 online resource (59 p.)
ISBN:
1-4755-2762-4
,
1-4755-2643-1
,
1-4755-1832-3
Series Statement:
IMF Working Papers
Content:
This paper investigates theoretically and empirically the heterogeneous response of exporters to real exchange rate fluctuations due to product quality. Our model shows that the elasticity of demand perceived by exporters decreases with a real depreciation and with quality, leading to more pricing-to-market and to a smaller response of export volumes to a real depreciation for higher quality goods. We test the proposed theory using a highly disaggregated Argentinean firm-level wine export dataset between 2002 and 2009 combined with experts wine rankings as a measure of quality. The model predictions find strong support in the data and the results are robust to different measures of quality, samples, specifications, and to the potential endogeneity of quality.
Note:
Description based upon print version of record.
,
Cover; Contents; I. Introduction; II. A Model of Pricing-to-Market and Quality; A. The Basic Framework; B. Cross-Country Heterogeneity in the Preference for Quality; III. Data and Descriptive Statistics; A. Firm-Level Exports Customs Data; B. Quality Ratings; C. Macroeconomic Data; IV. Wine and Model Assumptions; V. Empirical Framework; A. Baseline Results; B. Heterogeneity across Destination Countries; C. Aggregation Bias; VI. Robustness; A. The Measurement of Quality; B. The Endogeneity of Quality; C. Asymmetries; D. Sample Periods; E. Extensive Margin; F. The US Dollar
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G. The Argentinean Consumer Price IndexH. Monthly Frequency; I. Currency of Invoicing; VII. Concluding Remarks; References; Tables; 1. Harmonized System (HS) Classification Codes; 2. Summary Statistics on Trade Data by Year; 3. Summary Statistics; 4. Top Export Destinations 2002-2009; 5. Experts Ratings; 6. Snapshot of the Data; 7. Price Breakdown for Non-EU Wine sold in Retail Outlets in the UK; 8. Baseline Results; 9. Local Distribution Costs; 10. Heterogeneity across Destination Countries; 11. Aggregation Bias; 12. Unit Values: Robustness on Quality
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13. Export Volumes: Robustness on Quality14. Robustness for Unit Values; 15. Robustness for Export Volumes
,
English
Additional Edition:
ISBN 1-4755-2639-3
Additional Edition:
ISBN 1-306-67411-5
Language:
English
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