Measuring the Intangible Content of Goods Traded on International Markets. An Exercise on "Made in Italy" versus "Made in China" case
AbstractThis article aims at proposing a simple, easily applicable, but still reliable methodology, based upon the analysis of price differentials, designed for quantifying the intangible versus tangible attributes embedded in commodities traded on the contemporary international ma University of Ferrara, Ferrara, Italy rkets. The proposed methodology is based upon the analysis of price differentials, considered as important indicators of consumer-perceived quality differentiation between similar goods having diverse suppliers. In the analysis exercise presented, we compared different products of Italy and China through disaggregating the available statistical data and highlighting the qualitative differences between "Made in Italy" and "Made in China" goods. The relationship between intangible assets, at firm and territory level, and the intangible contents of goods is also discussed, and implications for firms' strategies and industrial policy are drawn.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.
Volume (Year): 6 (2009)
Issue (Month): 3 (September)
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goods; tangible content; intangible content; price differential; industrial policy;
Find related papers by JEL classification:
- L5 - Industrial Organization - - Regulation and Industrial Policy
- L6 - Industrial Organization - - Industry Studies: Manufacturing
- O2 - Economic Development, Technological Change, and Growth - - Development Planning and Policy
- O5 - Economic Development, Technological Change, and Growth - - Economywide Country Studies
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