The "Collapse in Quality" Hypothesis
Andrei A. Levchenko, Logan T. Lewis, Linda L. Tesar
American Economic Review · 2011 · Volume 101 · Issue 3
Abstract
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.
Keywords
Business Fluctuations, Cycles, Country and Industry Studies of Trade, International Business Cycles, Financial Crises
Enable JavaScript for citation tools and additional paper interactions.