Export variety and country productivity:
"Feenstra and Kee study the link between export product variety and country productivity based on data from 34 industrial and developing countries, from 1982 to 1997. They measure export product variety by the share of U.S. imports on the set of goods exported by each sampled country relative t...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C]
World Bank
[2004]
|
| Schriftenreihe: | Policy research working paper
3412 |
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | "Feenstra and Kee study the link between export product variety and country productivity based on data from 34 industrial and developing countries, from 1982 to 1997. They measure export product variety by the share of U.S. imports on the set of goods exported by each sampled country relative to the world. It is a theoretically sound index which is consistent with within-country GDP maximization, as well as cross-country comparison. The authors construct country productivity based on relative endowments and product variety. Increases in output product variety improve country productivity as the new mix of output may better use resources of the economy and improve allocative efficiency. Such effects depend on the elasticity of substitution in production between the different varieties. The more different the varieties are in terms of production, the more efficient it is to use the endowments of the economy when a new variety is available, which leads to productivity gains. In addition, as suggested in the literature, export product variety depends on trade costs, such as tariffs, distance, and transport costs. Such trade cost variables are used as instruments to help the authors identify the effects of export variety on country productivity. Empirical evidence supports their hypothesis. Overall, while export variety accounts for only 2 percent of cross-country productivity differences, it explains 13 percent of within-country productivity growth. A 10 percent increase in the export variety of all industries leads to a 1.3 percent increase in country productivity, while a 10 percentage point increase in tariffs facing an exporting country leads to a 2 percent fall in country productivity. This paper a product of the Trade Team, Development Research Group is part of a larger effort in the group to study the link between trade and productivity"--World Bank web site |
| Beschreibung: | Includes bibliographical references Title from PDF file as viewed on 9/23/2004 |
| Beschreibung: | 1 Online-Ressource |
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| 520 | 3 | |a "Feenstra and Kee study the link between export product variety and country productivity based on data from 34 industrial and developing countries, from 1982 to 1997. They measure export product variety by the share of U.S. imports on the set of goods exported by each sampled country relative to the world. It is a theoretically sound index which is consistent with within-country GDP maximization, as well as cross-country comparison. The authors construct country productivity based on relative endowments and product variety. Increases in output product variety improve country productivity as the new mix of output may better use resources of the economy and improve allocative efficiency. Such effects depend on the elasticity of substitution in production between the different varieties. The more different the varieties are in terms of production, the more efficient it is to use the endowments of the economy when a new variety is available, which leads to productivity gains. In addition, as suggested in the literature, export product variety depends on trade costs, such as tariffs, distance, and transport costs. Such trade cost variables are used as instruments to help the authors identify the effects of export variety on country productivity. Empirical evidence supports their hypothesis. Overall, while export variety accounts for only 2 percent of cross-country productivity differences, it explains 13 percent of within-country productivity growth. A 10 percent increase in the export variety of all industries leads to a 1.3 percent increase in country productivity, while a 10 percentage point increase in tariffs facing an exporting country leads to a 2 percent fall in country productivity. This paper a product of the Trade Team, Development Research Group is part of a larger effort in the group to study the link between trade and productivity"--World Bank web site | |
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| spelling | Feenstra, Robert C. Verfasser aut Export variety and country productivity Robert Feenstra and Hiau Looi Kee [Washington, D.C] World Bank [2004] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 3412 Includes bibliographical references Title from PDF file as viewed on 9/23/2004 "Feenstra and Kee study the link between export product variety and country productivity based on data from 34 industrial and developing countries, from 1982 to 1997. They measure export product variety by the share of U.S. imports on the set of goods exported by each sampled country relative to the world. It is a theoretically sound index which is consistent with within-country GDP maximization, as well as cross-country comparison. The authors construct country productivity based on relative endowments and product variety. Increases in output product variety improve country productivity as the new mix of output may better use resources of the economy and improve allocative efficiency. Such effects depend on the elasticity of substitution in production between the different varieties. The more different the varieties are in terms of production, the more efficient it is to use the endowments of the economy when a new variety is available, which leads to productivity gains. In addition, as suggested in the literature, export product variety depends on trade costs, such as tariffs, distance, and transport costs. Such trade cost variables are used as instruments to help the authors identify the effects of export variety on country productivity. Empirical evidence supports their hypothesis. Overall, while export variety accounts for only 2 percent of cross-country productivity differences, it explains 13 percent of within-country productivity growth. A 10 percent increase in the export variety of all industries leads to a 1.3 percent increase in country productivity, while a 10 percentage point increase in tariffs facing an exporting country leads to a 2 percent fall in country productivity. This paper a product of the Trade Team, Development Research Group is part of a larger effort in the group to study the link between trade and productivity"--World Bank web site Online-Ausg Also available in print Exports Case studies Industrial productivity Case studies International trade Case studies Product differentiation Case studies Kee, Hiau Looi Sonstige oth World Bank Sonstige oth Feenstra, Robert C Export variety and country productivity http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3412 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Feenstra, Robert C. Export variety and country productivity Exports Case studies Industrial productivity Case studies International trade Case studies Product differentiation Case studies |
| title | Export variety and country productivity |
| title_auth | Export variety and country productivity |
| title_exact_search | Export variety and country productivity |
| title_exact_search_txtP | Export variety and country productivity |
| title_full | Export variety and country productivity Robert Feenstra and Hiau Looi Kee |
| title_fullStr | Export variety and country productivity Robert Feenstra and Hiau Looi Kee |
| title_full_unstemmed | Export variety and country productivity Robert Feenstra and Hiau Looi Kee |
| title_short | Export variety and country productivity |
| title_sort | export variety and country productivity |
| topic | Exports Case studies Industrial productivity Case studies International trade Case studies Product differentiation Case studies |
| topic_facet | Exports Case studies Industrial productivity Case studies International trade Case studies Product differentiation Case studies |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3412 |
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