Hidden Bibliographic Details
| Other authors / contributors: | Juvenal, Luciana, (IMFstaff)
International Monetary Fund. Institute for Capacity Development.
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| ISBN: | 1498347584
9781498347587
1498348386
9781498348386
1498351166
9781498351164
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| ISSN: | 1018-5941
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| Notes: | "February 2016."
"Institute for Capacity Development."
Includes bibliographical references (pages 36-40).
Online resource; title from pdf title page (IMF.org Web site, viewed February 22, 2016).
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| Summary: | We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher quality exports grew faster before the crisis, but this trend reversed during the recession. Quantitatively, the effect is large: up to nine percentage points difference in trade performance can be explained by the quality composition of exports. This flight from quality was triggered by a fall in aggregate demand, was more acute when households could substitute imports by domestic alternatives, and was stronger for smaller firms' exports. --Abstract.
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| Other form: | 1498347584
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| Standard no.: | 10.5089/9781498347587.001
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