Bown, Chad; Crowley, Meredith - Federal Reserve Bank of Chicago - 2004
US. We estimate an empirical model of trade deflection and trade depression of roughly 5100 commodities exported by China … to 37 countries between 1992 and 2001. Our estimation yields evidence that US trade restrictions deflect Chinese exports …, with the strongest evidence of trade deflection appearing in the steel, pharmaceuticals and manufactured goods industries. …