The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
International Prices and Endogenous Quality *
Abstract
The unit values of internationally traded goods are heavily influenced by quality. We model this in an extended monopolistic competition framework where, in addition to choosing price, firms simultaneously choose quality subject to nonhomothetic demand. We estimate quality and quality-adjusted price indexes for 185 countries over 1984–2011. Our estimates are less sensitive to assumptions about the extensive margin of firms than are purely “demand-side” estimates. We find that quality-adjusted prices vary much less across countries than do unit values and, surprisingly, the quality-adjusted terms of trade are negatively related to countries’ level of income.
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Citations
Cites
The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988
Summers, R., & Heston, A. (1991) · The Quarterly Journal of Economics · doi:10.2307/2937941 · Cited by 3,429
Metadata
- Authors
- Feenstra, R. C., & Romalis, J.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 2014-02-05
- Volume
- 129
- Issue
- 2
- Pages
- 477-527
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W2151350286
- Cited by
- 477
- References
- 1
- FWCI
- 100.67
- Type
- journal article
- Language
- en
- Open access
- closed
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- Feenstra, R. C., & Romalis, J. (2014). International Prices and Endogenous Quality *. The Quarterly Journal of Economics. https://doi.org/10.1093/qje/qju001
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
