The "Collapse in Quality" Hypothesis
- (pp. 293-97)
AbstractThis 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.
Citation2011. "The "Collapse in Quality" Hypothesis." American Economic Review, 101 (3): 293-97. DOI: 10.1257/aer.101.3.293
- E32 Business Fluctuations; Cycles
- F14 Country and Industry Studies of Trade
- F44 International Business Cycles
- G01 Financial Crises