Export Destinations and Input Prices

• 成果类型: Article
• 署名作者: Bastos, Paulo; Silva, Joana; Verhoogen, Eric
• 署名单位: The World Bank; The World Bank; Columbia University
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20140647
• 发表日期: 2018
• 页码: 353-392
• 关键词: pricing-to-market; INTERNATIONAL-TRADE; product quality; import competition; STRUCTURAL APPROACH; firm heterogeneity; multiproduct firms; pass-through; performance; COSTS

摘要

This paper examines the relationship between the destination of exports and the input prices paid by firms, using detailed customs and firm-product-level data from Portugal. Both ordinary least squares regressions and an instrumental-variable strategy using exchange-rate movements (interacted with. indicators for initial exports) as a source of variation in destinations indicate that exporting to richer countries leads firms to pay higher prices for inputs, other things equal. The results are supportive of what we call the income-based quality-choice channel: selling to richer destinations leads firms to raise the average quality of goods they produce and to purchase higher-quality inputs.