000			02491cam a22003497 4500
001			w13942
003			NBER
005			20211020111815.0
006			m o d
007			cr cnu||||||||
008			210910s2008 mau fo 000 0 eng d
100	1		_aWeinstein, David. _922724
245	1	0	_aExporting Deflation? Chinese Exports and Japanese Prices / _cDavid Weinstein, Christian Broda.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2008.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w13942
500			_aApril 2008.
520	3		_aBetween 1992 and 2002, the Japanese Import Price Index registered a decline of almost 9 percent and Japan entered a period of deflation. We show that much of the correlation between import prices and domestic prices was due to formula biases. Had the IPI been computed using a pure Laspeyres index like the CPI, the IPI would have hardly moved at all. A Laspeyres version of the IPI would have risen 1 percentage point per year faster than the official index. Second we show that Chinese prices did not behave differently from the prices of other importers. Although Chinese prices are substantially lower than the prices of other exporters, they do not exhibit a differential trend. However, we estimate that the typical price per unit quality of a Chinese exporter fell by half between 1992 and 2005. Thus the explosive growth in Chinese exports is attributable to growth in the quality of Chinese exports and the increase in new products being exported by China.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aE31 - Price Level • Inflation • Deflation _2Journal of Economic Literature class.
690		7	_aF1 - Trade _2Journal of Economic Literature class.
690		7	_aF12 - Models of Trade with Imperfect Competition and Scale Economies • Fragmentation _2Journal of Economic Literature class.
700	1		_aBroda, Christian. _96865
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w13942.
856	4	0	_uhttps://www.nber.org/papers/w13942
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w13942
942			_2ddc _cW-PAPER
999			_c334183 _d292745