The "Collapse in Quality" Hypothesis
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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Volume (Year): 101 (2011)
Issue (Month): 3 (May)
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