能力,财富和出口商品结构【外文翻译】

能力,财富和出口商品结构【外文翻译】

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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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