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Uncertainty about the level of demand is thought to influence irreversible capacity decisions. This paper examines some implications of the theory literature on this topic in an empirical study of the US cement industry between 1994 and 2006. Firms in this sector have the ability to deliver...
Persistent link: https://www.econbiz.de/10008696743
a prime contributor to the slump. We estimate that import competition from China, which surged after 2000, was a major … equilibrium channels-weak overall U.S. job growth. Our central estimates suggest job losses from rising Chinese import competition …
Persistent link: https://www.econbiz.de/10010528328
. Firms import intermediate inputs from home or foreign suppliers, but with higher costs in the latter case. Due to fixed … the model with newly-compiled monthly aggregate U.S. import data and industrial production data going back to 1962, and …
Persistent link: https://www.econbiz.de/10010358978
This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U.S. trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes declines the most experience more severe employment...
Persistent link: https://www.econbiz.de/10010229883
of trade shocks into national-level outcomes. Employment has fallen in U.S. industries more exposed to import competition …
Persistent link: https://www.econbiz.de/10011444857
2007 by exploiting industry shocks to import competition stemming from China’s spectacular rise as a manufacturing exporter … worked in manufacturing industries that experienced high subsequent import growth garner lower cumulative earnings, face … move out of manufacturing conditional on separation. These findings reveal that import shocks impose substantial labor …
Persistent link: https://www.econbiz.de/10010412742
, built from highly disaggregated US import data. Consistent with the model, financial development increases sales dispersion …
Persistent link: https://www.econbiz.de/10011447515
value of China's exports to the US responds negatively to real renminbi (RMB) appreciation, while import responds positively …
Persistent link: https://www.econbiz.de/10010464697
How does import protection affect export performance? In trade models with scale economies, import liberalization can …
Persistent link: https://www.econbiz.de/10012817913
We use transaction-level data to study changes in the concentration of US imports. Concentration has fallen in the typical industry, while it is stable by industry and origin country. The fall in concentration is driven by the extensive margin: the number of exporting firms has grown, and the...
Persistent link: https://www.econbiz.de/10012495680