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Japanese and US firms in their markets. The duopoly model is used to determine export prices and volumes in response to the … fluctuation of the growth rate of trade balance is derived. These are the novel features of our model. The export price equation … and export volume equation are estimated for several Asian countries for the sample period of 1981 to 1996. Results are …
Persistent link: https://www.econbiz.de/10012471508
Abstract We evaluate the duration of the China trade shock and its impact on a wide range of outcomes over the period 2000 to 2019. The shock plateaued in 2010, enabling analysis of its effects for nearly a decade past its culmination. Adverse impacts of import competition on manufacturing...
Persistent link: https://www.econbiz.de/10012660079
Persistent link: https://www.econbiz.de/10012661189
It has been a well-known puzzle why the yen has not been used more in trade invoicing among Japanese exporters. Despite the yen's status as an only fully convertible currency in Asia, two patterns stand out as puzzling features of an excessively small share of yen invoicing: First, a strong...
Persistent link: https://www.econbiz.de/10012462424
economies that export goods to the U.S., Japan, and neighboring countries. The optimality of the exchange rate regime is defined …
Persistent link: https://www.econbiz.de/10012470729
The competitive shock to the U.S. manufacturing sector spurred by rising China import competition could either catalyze or stifle innovation. Using three distinct sources of variation to identify rising trade exposure, we provide a causal analysis of the effect of surging import competition on...
Persistent link: https://www.econbiz.de/10012455801
Has rising import competition contributed to the polarization of U.S. politics? Analyzing outcomes from the 2002 and 2010 congressional elections and the 2000, 2008, and 2016 presidential elections, we detect an ideological realignment that is centered in trade-exposed local labor markets and...
Persistent link: https://www.econbiz.de/10012456043
In the past two decades, China's manufacturing exports have grown spectacularly, U.S. imports from China have surged, but U.S. exports to China have increased only modestly. Using representative, longitudinal data on individual earnings by employer, we analyze the effect of exposure to import...
Persistent link: https://www.econbiz.de/10012459436
We analyze the effect of rising Chinese import competition between 1990 and 2007 on local U.S. labor markets, exploiting cross-market variation in import exposure stemming from initial differences in industry specialization while instrumenting for imports using changes in Chinese imports by...
Persistent link: https://www.econbiz.de/10012460605
Previous research finds that the greater geographic mobility of foreign than native-born workers following economic shocks helps to facilitate local labor market adjustment to shifting regional economic conditions. We examine the role that immigration may have played in enabling U.S. commuting...
Persistent link: https://www.econbiz.de/10013537796