The "Collapse in Quality" Hypothesis
Levchenko, Andrei A.,
Logan T. Lewis, and
Linda L. Tesar. 2011. "The "Collapse in Quality" Hypothesis."
American Economic Review,
This paper evaluates the hypothesis that during the 2008-2009 collapse in international trade, imports of higher quality goods experienced larger reductions compared to low-quality imports, using data on US imports disaggregated by HS-10 product category and source country. We find little, if any, robust econometric evidence in support of this hypothesis.
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Levchenko, Andrei A. (U MI)
Lewis, Logan T. (U MI)
Tesar, Linda L. (U MI)
E32: Business Fluctuations; Cycles
F14: Country and Industry Studies of Trade
F44: International Business Cycles
G01: Financial Crises