Journal ArticleDOI
What you export matters
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TLDR
The authors construct an index of the "income level of a country's exports," document its properties, and show that it predicts subsequent economic growth, and demonstrate this propo- sition formally and adduce some empirical support for it.Abstract:
When local cost discovery generates knowledge spillovers, specialization patterns become partly indeterminate and the mix of goods that a country produces may have important implications for economic growth. We demonstrate this propo- sition formally and adduce some empirical support for it. We construct an index of the "income level of a country's exports," document its properties, and show that it predicts subsequent economic growth.read more
Citations
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Journal ArticleDOI
The Variety and Quality of a Nation's Exports
David Hummels,Peter J. Klenow +1 more
TL;DR: The authors found that the extensive margin accounts for around 60 percent of the greater exports of larger economies and that richer countries export higher quantities at modestly higher prices, while small economies export more in absolute terms than do small economies.
Journal ArticleDOI
The Real Exchange Rate and Economic Growth
TL;DR: In this article, the authors show that undervaluation of the currency (a high real exchange rate) stimulates economic growth, particularly for developing countries, and they present two categories of explanations for why this may be so, the first focusing on institutional weaknesses, and the second on product market failures.
Journal ArticleDOI
Prices, Plant Size, and Product Quality
Maurice Kugler,Eric Verhoogen +1 more
TL;DR: In this article, a model of endogenous input and output quality choices by heterogeneous firms was proposed to explain the observed price-plant correlation. But the empirical patterns are consistent with a parsimonious extension of the Melitz (2003, “The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity,” Econometrica, 71, 1695-1725) framework to include endogenous choice of input andoutput quality.
Journal ArticleDOI
Estimating Cross-Country Differences in Product Quality*
TL;DR: This article developed a methodology for decomposing countries' observed export product prices into quality versus quality-adjusted-price components, which accounts for cross country variation in product prices induced by factors other than quality, e.g. comparative advantage or currency misalignment.
Journal ArticleDOI
The network structure of economic output
TL;DR: In this paper, the authors model the structure of the network by assuming that products require a large number of non-tradable inputs, or capabilities, and that countries differ in the completeness of the set of capabilities they have.
References
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Book
The competitive advantage of nations
TL;DR: The Need for a New Paradigm as discussed by the authors is the need for a new paradigm for the competitive advantage of companies in global industries, as well as the dynamics of national competitive advantage.
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The Spatial Economy: Cities, Regions, and International Trade
TL;DR: In this paper, the authors proposed a method to improve the quality of the data collected by the data collection system by using the information gathered from the data set of the user's profile.
Journal ArticleDOI
The Regulation of Entry
TL;DR: In this article, the authors present new data on the regulation of entry of start-up firms in 85 countries, covering the number of procedures, official time, and official cost that a startup must bear before it can operate legally.
Journal ArticleDOI
Estimating the Value of Political Connections
TL;DR: In this article, the authors used the Jakarta Stock Exchange's reaction to news about former President Suharto's health to assess the value of political connections and found that as much as a quarter of a firm's share price may be accounted for by political connections.