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ID:457830
大小:61.00 KB
页数:8页
时间:2017-08-04
《能力,财富和出口商品结构【外文翻译】》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、外文翻译原文Capabilities,WealthandtheExport-MixMaterialSource:Eocn365InternationalTradeworkshopAuthor:JohnSuttonDanielleiflerWhatistherelationshipbetweenacountry’smixofexports,andthecountry’swealth?Or,ifweconsidersomeparticularproduct,whatdeterminesthesetof
2、countriesforwhichitisarelativelyimportantexport?QuestionsofthiskindhaveattractedongoingattentionintheliteraturefromMichaely(1984),toLall,Weiss,andZhang(2006),andHausmann,Hwang,andRodrik(2007).(SeealsoChenery(1960)andLeamer(1984)onladdersofdevelopmentm
3、oregenerally.)Theseauthorsproceedbyexaminingtheaveragegdppercapof(major)exportersofeachgood.Thepointofdepartureofthepresentpaperliesintheobservationthattherangeofcountriesproducinganyspecificgood,intermsofcountries’gdppercapita,isusuallyverywide.Thish
4、asbeendocumentedbySchoot(2004,2008)andKhandelwal(forthecoming).Thiscanbeseenasreflectingtwocontributoryeffects.Thefirstis‘aggregation’:i.e.itmerelyreflectsanoverlybroaddefinitionofa‘good’oran‘industry’.Thesecondisthatdifferentproducersacrossthisranged
5、ifferin‘quality’.Wearguethatthelattercontributionissubstantialandpossiblydominant–andsowesetouttoexaminehowthisrangeofproducersemergesendogenouslywithina‘QualityCompetition’model.SuchmodelsformthebasisoftherecentliteratureonQualityandTrade,whichemphas
6、izestheroleofproductivityandquality(inwhateverbasketofgoodsthecountryproduces)asthedriverofcross-countrydifferencesingdppercapita.Oneaimofthepresentpaperistoshowhowacountry’scapabilitiesi.e.,itsproductivityandqualitylevelsineachgood,simultaneouslydete
7、rminesboththemixofgoodsitproducesandexports,anditslevelof gdppercapita.Intherecentliteratureon‘QualityandTrade’,itiswidelyassumedthathigherquality ismonotonicallyrelatedto(positivelycorrelatedwith)highermarkupsandhighermarketshares.Thisisindeedapredic
8、tionofpartialequilibriummodelsinwhichproducerswithdifferentqualitylevelsfaceacommonwagelevelintheirsingledomesticmarket.Weshow,however,thatinamulti-productGeneralEquilibriumtradesetting,thisisnolongertrue.Ifweconsiderarangeofexporters,rankedin
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