| Publication type: | Working paper – expertise – study |
| Title: | Exchange rate fluctuations and quality composition of exports : evidence from Swiss product-level data |
| Authors: | Fauceglia, Dario Plaschnick, Björn Maurer, Maria Rueda |
| Extent: | 39 |
| Issue Date: | 2017 |
| Series: | Strukturberichterstattung |
| Series volume: | 56/2 |
| Publisher / Ed. Institution: | Staatssekretariat für Wirtschaft |
| Publisher / Ed. Institution: | Bern |
| ISBN: | 978-3-905967-35-7 |
| Language: | English |
| Subjects: | Aggregate export; Exchange rate; Quality |
| Subject (DDC): | 338: Production |
| Abstract: | This paper studies the relationship between exchange rate movements and the average export quality using disaggregated Swiss product-level data between 1996 and 2015. We find evidence at different levels of aggregation that the average export quality increases in response to a currency appreciation. This exchange rate effect on quality is more pronounces for differentiated goods and in sectory with a greater scope for quality differentiation. We also find empirical support for a compositional effect: Currency appreciations shift market chares towards goods that are more expensive and of higher quality. From a policy perspective, this reallocation effect points to the importance of facilitating structural changes in the export composition to increase the resilience of the export sector to exchange rate shocks. Our results also suggest a positive relationship between the average export quality and aggregate export sales. Form a methodological point of view, the findings imply that exchange rate pass-through estimations without quality controls tend to be biased regardless of aggregation level or type of data. |
| URI: | https://www.seco.admin.ch/dam/seco/de/dokumente/Publikationen_Dienstleistungen/Publikationen_Formulare/Wirtschaftslage/Strukturberichterstattung/SECO_Strukturberichterstattung-2017_Nr-56_Band-2_Exchange_rate_fluctuations_and_quality_composition.pdf.download.pdf/SECO_Strukturberichterstattung-2017_Nr-56_Band-2_Exchange_rate_fluctuations_and_quality_composition.pdf https://digitalcollection.zhaw.ch/handle/11475/16144 |
| License (according to publishing contract): | Licence according to publishing contract |
| Departement: | School of Management and Law |
| Organisational Unit: | Center for Economic Policy (FWP) |
| Appears in collections: | Publikationen School of Management and Law |
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Fauceglia, D., Plaschnick, B., & Maurer, M. R. (2017). Exchange rate fluctuations and quality composition of exports : evidence from Swiss product-level data. Staatssekretariat für Wirtschaft. https://www.seco.admin.ch/dam/seco/de/dokumente/Publikationen_Dienstleistungen/Publikationen_Formulare/Wirtschaftslage/Strukturberichterstattung/SECO_Strukturberichterstattung-2017_Nr-56_Band-2_Exchange_rate_fluctuations_and_quality_composition.pdf.download.pdf/SECO_Strukturberichterstattung-2017_Nr-56_Band-2_Exchange_rate_fluctuations_and_quality_composition.pdf
Fauceglia, D., Plaschnick, B. and Maurer, M.R. (2017) Exchange rate fluctuations and quality composition of exports : evidence from Swiss product-level data. Bern: Staatssekretariat für Wirtschaft. Available at: https://www.seco.admin.ch/dam/seco/de/dokumente/Publikationen_Dienstleistungen/Publikationen_Formulare/Wirtschaftslage/Strukturberichterstattung/SECO_Strukturberichterstattung-2017_Nr-56_Band-2_Exchange_rate_fluctuations_and_quality_composition.pdf.download.pdf/SECO_Strukturberichterstattung-2017_Nr-56_Band-2_Exchange_rate_fluctuations_and_quality_composition.pdf.
D. Fauceglia, B. Plaschnick, and M. R. Maurer, “Exchange rate fluctuations and quality composition of exports : evidence from Swiss product-level data,” Staatssekretariat für Wirtschaft, Bern, 2017. [Online]. Available: https://www.seco.admin.ch/dam/seco/de/dokumente/Publikationen_Dienstleistungen/Publikationen_Formulare/Wirtschaftslage/Strukturberichterstattung/SECO_Strukturberichterstattung-2017_Nr-56_Band-2_Exchange_rate_fluctuations_and_quality_composition.pdf.download.pdf/SECO_Strukturberichterstattung-2017_Nr-56_Band-2_Exchange_rate_fluctuations_and_quality_composition.pdf
FAUCEGLIA, Dario, Björn PLASCHNICK und Maria Rueda MAURER, 2017. Exchange rate fluctuations and quality composition of exports : evidence from Swiss product-level data [online]. Bern: Staatssekretariat für Wirtschaft. Verfügbar unter: https://www.seco.admin.ch/dam/seco/de/dokumente/Publikationen_Dienstleistungen/Publikationen_Formulare/Wirtschaftslage/Strukturberichterstattung/SECO_Strukturberichterstattung-2017_Nr-56_Band-2_Exchange_rate_fluctuations_and_quality_composition.pdf.download.pdf/SECO_Strukturberichterstattung-2017_Nr-56_Band-2_Exchange_rate_fluctuations_and_quality_composition.pdf
Fauceglia, Dario, Björn Plaschnick, and Maria Rueda Maurer. 2017. “Exchange Rate Fluctuations and Quality Composition of Exports : Evidence from Swiss Product-Level Data.” Bern: Staatssekretariat für Wirtschaft. https://www.seco.admin.ch/dam/seco/de/dokumente/Publikationen_Dienstleistungen/Publikationen_Formulare/Wirtschaftslage/Strukturberichterstattung/SECO_Strukturberichterstattung-2017_Nr-56_Band-2_Exchange_rate_fluctuations_and_quality_composition.pdf.download.pdf/SECO_Strukturberichterstattung-2017_Nr-56_Band-2_Exchange_rate_fluctuations_and_quality_composition.pdf.
Fauceglia, Dario, et al. Exchange Rate Fluctuations and Quality Composition of Exports : Evidence from Swiss Product-Level Data. Staatssekretariat für Wirtschaft, 2017, https://www.seco.admin.ch/dam/seco/de/dokumente/Publikationen_Dienstleistungen/Publikationen_Formulare/Wirtschaftslage/Strukturberichterstattung/SECO_Strukturberichterstattung-2017_Nr-56_Band-2_Exchange_rate_fluctuations_and_quality_composition.pdf.download.pdf/SECO_Strukturberichterstattung-2017_Nr-56_Band-2_Exchange_rate_fluctuations_and_quality_composition.pdf.
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