My question is. If I convert a video with lower bitrate to higher bitrate video will there be any Quality improvement in target video?
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No. You'll just get better retention of the artifacts in the low bitrate source.
Take a nice flat shiny piece of aluminum file. Wad it up into a 1 inch diameter ball. Open it back to a flat sheet. Notice all the artifacts (wrinkles)? Now squish it down to a 2 inch ball and open it up again. Are there more or less wrinkles now?