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008190913t20192019onca    ob   f000 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
0410 |aeng|beng|bfre
0861 |aFB3-5/2019-36E-PDF
1001 |aSchmidt, Julia, |eauthor.
24510|aNo double standards : |bquantifying the impact of standard harmonization on trade / |cby Julia Schmidt and Walter Steingress.
24630|aQuantifying the impact of standard harmonization on trade
264 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2019.
264 4|c©2019
300 |a1 online resource (iv, 65 pages) : |billustrations (chiefly colour).
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aBank of Canada staff working paper, |x1701-9397 ; |v2019-36
500 |a"September 2019."
504 |aIncludes bibliographical references (pages 36-38).
5203 |a"Product standards are omnipresent in industrialized societies. Though standardization can be beneficial for domestic producers, divergent product standards have been categorized as a major obstacle to international trade. This paper quantifies the effect of standard harmonization on trade flows and characterizes the extent to which it changes the cost and demand structure of exporting. Creating a novel and comprehensive database on cross-country standard equivalences, we identify standard harmonization events at the document level. Our results show that the introduction of harmonized standards increases trade through a larger sales volume of existing exporters (intensive margin) and more entry (extensive margin). These findings are consistent with a multi-country heterogeneous firm model featuring endogenous standard adoption. Because of additional demand, standard harmonization raises firms' incentives to produce varieties in accordance with the standard despite high sunk investment costs. Firms’ export sales expand and entry into foreign markets is encouraged"--Abstract, page ii.
546 |aIncludes abstracts in English and French.
69207|2gccst|aStandardization
69207|2gccst|aInternational trade
69207|2gccst|aModels
7001 |aSteingress, Walter, |eauthor.
7102 |aBank of Canada.
830#0|aStaff working paper (Bank of Canada)|v2019-36.|w(CaOODSP)9.806221
85640|qPDF|s1.54 MB|uhttps://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-5-2019-36-eng.pdf