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題名 Product Quality and Export Responses to Exchange Rate Movements: Evidence from Taiwan 作者 李浩仲
Li, Hao-Chung貢獻者 經濟系 日期 2026-07 上傳時間 14-Sep-2026 10:38:29 (UTC+8) 摘要 Using disaggregated data on Taiwan’s exports by industry and destination, this paper examines how export volumes and prices respond to exchange-rate movements and how these responses vary with product quality. A Taiwan-dollar appreciation reduces export volumes overall, but the elasticity is highly uneven. It is substantial for advanced and other non-advanced markets, yet effectively zero for China and Southeast Asia. Across specifications, export quality mitigates the decline in export volumes associated with appreciation, and a positive industry-level quality gradient is also observed in export prices. Crucially, this gradient emerges only where the scope for vertical differentiation is greater, namely in high-technology industries, industries with long quality ladders, and advanced-economy destinations, and disappears or reverses where such scope is limited. This pattern suggests that quality differentiation helps insulate exports from appreciation, largely through a compositional shift toward surviving high-quality varieties, particularly in markets where the differentiation literature predicts such reallocation to be strongest. 關聯 Singapore Economic Review Conference, Singapore Economic Review 資料類型 conference dc.contributor 經濟系 dc.creator (作者) 李浩仲 dc.creator (作者) Li, Hao-Chung dc.date (日期) 2026-07 dc.date.accessioned 14-Sep-2026 10:38:29 (UTC+8) - dc.date.available 14-Sep-2026 10:38:29 (UTC+8) - dc.date.issued (上傳時間) 14-Sep-2026 10:38:29 (UTC+8) - dc.identifier.uri (URI) https://ah.lib.nccu.edu.tw/item?item_id=184928 - dc.description.abstract (摘要) Using disaggregated data on Taiwan’s exports by industry and destination, this paper examines how export volumes and prices respond to exchange-rate movements and how these responses vary with product quality. A Taiwan-dollar appreciation reduces export volumes overall, but the elasticity is highly uneven. It is substantial for advanced and other non-advanced markets, yet effectively zero for China and Southeast Asia. Across specifications, export quality mitigates the decline in export volumes associated with appreciation, and a positive industry-level quality gradient is also observed in export prices. Crucially, this gradient emerges only where the scope for vertical differentiation is greater, namely in high-technology industries, industries with long quality ladders, and advanced-economy destinations, and disappears or reverses where such scope is limited. This pattern suggests that quality differentiation helps insulate exports from appreciation, largely through a compositional shift toward surviving high-quality varieties, particularly in markets where the differentiation literature predicts such reallocation to be strongest. dc.format.extent 134 bytes - dc.format.mimetype text/html - dc.relation (關聯) Singapore Economic Review Conference, Singapore Economic Review dc.title (題名) Product Quality and Export Responses to Exchange Rate Movements: Evidence from Taiwan dc.type (資料類型) conference
