00000nam 2200000zi 4500 9.879271 CaOODSP 20221107165452 m o d f cr cn||||||||| 190913t20192019onca ob f000 0 eng d CaOODSP eng rda CaOODSP eng eng fre FB3-5/2019-36E-PDF Schmidt, Julia, author. No double standards : quantifying the impact of standard harmonization on trade / by Julia Schmidt and Walter Steingress. Quantifying the impact of standard harmonization on trade Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2019. ©2019 1 online resource (iv, 65 pages) : illustrations (chiefly colour). text txt rdacontent computer c rdamedia online resource cr rdacarrier Bank of Canada staff working paper, 1701-9397 ; 2019-36 "September 2019." Includes bibliographical references (pages 36-38). "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. Includes abstracts in English and French. gccst Standardization gccst International trade gccst Models Steingress, Walter, author. Bank of Canada. Staff working paper (Bank of Canada) 2019-36. (CaOODSP)9.806221 PDF 1.54 MB https://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-5-2019-36-eng.pdf