Product Characteristics in International Economics

Description

National economies are linked through flows of capital and goods. This book addresses those linkages, analyzes their benefits for economic development, and evaluates a country’s opportunities to reap the best possible rewards by influencing the linkages. The book focuses on the role of product characteristics in international economics and their impact on economic development. After an introduction to the topic, it analyzes the influence of product sophistication on growth, and offers alternative means of measuring product characteristics. In turn, the book provides evidence for the impact of foreign equity on the characteristics of the products that firms produce. Moreover, it presents empirical findings that prove that the quality of a country's legal and institutional framework is influenced by said country’s predisposition to trade rule-of-law-intensive goods. Front Matter ....Pages i-xi Introduction (Stephan Huber)....Pages 1-7 Indicators of Product Sophistication and Factor Intensities: Measurement Matters (Stephan Huber)....Pages 9-50 Product Sophistication and Spillovers from Foreign Direct Investment (Stephan Huber)....Pages 51-90 Trade Patterns and Endogenous Institutions: Global Evidence (Stephan Huber)....Pages 91-120 Conclusion (Stephan Huber)....Pages 121-122 Back Matter ....Pages 123-135