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"We examine the extent that product differentiation affects the duration of US import trade relationships. Applying nonparametric and semiparametric techniques to highly disaggregated product-level data we estimate that the hazard rate is at least 18 percent higher for homogenous goods than for differentiated products. Put another way, the median survival time for trade relationships involving differentiated products is five years as compared to two years for homogenous products. We find that our results are not only highly robust but often are strengthened under alternative specifications. For instance, if we define trade relationships using industry-level rather than product-level data we find that the hazard rate is 30-35 percent higher for homogenous goods than for differentiated products. We also find that the survival ranking across product types holds across individual industries. We show that dropping the smallest trade relationships further accentuates the differences among product types. We also control for the possible measurement error in measuring spell lengths and the role of multiple spell relationships and find that in all cases the differences among products types are greater than in our benchmark analysis"--National Bureau of Economic Research web site.
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Subjects
Commercial policy, Product differentiationPlaces
United StatesEdition | Availability |
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1
Surviving the U.S. Import Market: the role of product differentiation
2004, National Bureau of Economic Research
Electronic resource
in English
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2
Surviving the U.S. import market: the role of production differentiation
2004, National Bureau of Economic Research
in English
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Book Details
Edition Notes
Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 1/21/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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- Created April 1, 2008
- 6 revisions
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December 13, 2020 | Edited by MARC Bot | import existing book |
July 31, 2012 | Edited by VacuumBot | Updated format '[electronic resource] :' to 'Electronic resource' |
December 12, 2009 | Edited by WorkBot | link works |
April 26, 2009 | Edited by ImportBot | Found a matching Library of Congress MARC record |
April 1, 2008 | Created by an anonymous user | Imported from Scriblio MARC record |