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International Standards and International Trade: Empirical Evidence from ISO 9000 Diffusion / Joseph A. Clougherty, Michal Grajek.
- Format:
- Book
- Author/Creator:
- Clougherty, Joseph A.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w18132.
- NBER working paper series no. w18132
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2012.
- Summary:
- Empirical scholarship on the standards-trade relationship has been held up due to methodological challenges: measurement, varied effects, and endogeneity. Considering the trade-effects of one particular standard (ISO 9000), we surmount methodological challenges by measuring standardization via national penetration of ISO 9000, allowing standardization to manifest via multiple (quality-signaling, information/compliance-cost, and common-language) channels, and using instrumental variable, multilateral resistance and panel data techniques to overcome endogeneity. We find evidence of common-language and quality-signaling augmenting country-pair trade. Yet, ISO-rich nations (most notably European) benefit the most from standardization, while ISO-poor nations find ISO 9000 to represent a trade barrier due to compliance-cost effects.
- Notes:
- Print version record
- June 2012.
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