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Author: Jagdish Bhagwati
Publisher: University of Chicago Press
ISBN: 9780226045382
Category : Business & Economics
Languages : en
Pages : 90
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Book Description
Conference report on economic theories and trade policy responses related to import competition and economic structure adjustments in developed countries - discusses the economic policy of trade liberalization, import restrictions and protectionism, welfare and income distribution impact of quota systems, tariffs, consumption taxes, production subsidies and adjustment assistance, etc., includes case studies. Graphs and references. Conference held in Cambridge (Mass.) 1980 May 8 to 11.
Author: Jagdish Bhagwati
Publisher: University of Chicago Press
ISBN: 0226045404
Category : Business & Economics
Languages : en
Pages : 421
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Book Description
These papers, by a number of leading international-trade theorists, present the first significant theoretical work to be done on a topic of considerable interest, import competition. Nine theoretical papers, on topics ranging from protectionist lobbying to adjustment costs, are synthesized in the editor's Introduction, which also contrasts these contributions with the traditional classroom analysis of import competition. Three major empirical studies close the volume. It will prove indispensable for anyone who wishes to think clearly about import competition and about how economies do—and should—respond to it.
Author: Jay Pil Choi
Publisher:
ISBN:
Category : Competition, International
Languages : en
Pages : 14
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Book Description
Author: Rui Xu
Publisher: International Monetary Fund
ISBN: 1484326008
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
We analyze the impact of rising import competition from China on U.S. innovative activities. Using Compustat data, we find that import competition induces R&D expenditures to be reallocated towards more productive and more profitable firms within each industry. Such reallocation effect has the potential to offset the average drop in firm-level R&D identified in the previous literature. Indeed, our quantitative analysis shows no adverse impact of import competition on aggregate R&D expenditures. Taking the analysis beyond manufacturing, we find that import competition has led to reallocation of researchers towards booming service industries, including business and repairs, personal services, and financial services.
Author: Paul Strebel
Publisher:
ISBN:
Category : Foreign trade regulation
Languages : en
Pages : 18
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Book Description
When subsidies and tariffs are applied to imports with fluctuating prices, it is shown that the output response of domestic producers depends on market structure and their attitude toward risk. The domestic industry response is contrasted under two types of market structure, a monopoly and a competitive industry. Some unanticipated results suggest caution in the implementation of trade policy
Author: Andrew Greenland
Publisher:
ISBN:
Category :
Languages : en
Pages : 67
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Book Description
We examine the U.S. internal migration response to increased import competition following the granting of Permanent Normal Trade Relations to China in 2001. Using a variety of data sets and empirical approaches, we find that local labor markets most exposed to the policy change experienced a relative reduction in population growth over the following decade. The majority of the effect occurs at a lag of 7 to 10 years, and is most pronounced among young individuals and low education groups. Such population adjustments should influence the interpretation of evidence in the growing literature on the effects of import competition on local labor markets.
Author: Jing-Lin Duanmu
Publisher:
ISBN:
Category :
Languages : en
Pages : 42
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Book Description
We examine the wage and employment impact on Chinese firms of an increase in import competition associated with China's WTO accession in December 2001, with an emphasis on state-owned enterprises (SOEs). We find that both wage and employment are negatively impacted by an increase in import competition, but firms with high state ownership cut employment less and reduce wages more than their private counterparts, suggesting that they prioritize the protection of employment over that of wages. This finding supports the notion that SOEs may have “multitask” responsibilities in terms of protecting employment as well as achieving efficiency. We also find that firms with higher capital intensity reduce their wages less but cut employment more in response to intensified import competition. This provides empirical support for the efficiency wage theory.
Author: Jeffrey Chan
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This thesis consists of three chapters that empirically investigate issues pertaining to international trade. Chapter 1 provides clear evidence that increased exposure to import competition from low-income countries results in lower quality matches between workers and firms, using matched employer-employee data from Italy. I measure match quality as the match (worker-firm) fixed effect from a wage regression that includes a rich set of time-varying observables, as well as worker and firm fixed effects. Import shocks reduce match quality, shifting the entire distribution of match effects leftward. This occurs because workers accept worse matches, but not because of workers in good matches leaving their jobs. Back-of-the-envelope calculations suggest that, for the average firm, a one standard deviation increase in import competition decreases profitability per worker by approximately 10% through lower match quality. Chapter 2 examines whether import competition affects the gender wage gap. While specifications without worker or firm fixed effects suggest that the wage gap closes with increased import competition, I find that import competition lowers women's wages relative to men when controlling for unobserved worker and firm heterogeneity. Accounting for these sources of heterogeneity is important because: 1) women, particularly women that earn low wages, are more likely than men to change industries or leave the sample as a response to import competition, and 2) firms that employ women are relatively more likely to exit and reduce employment due to import competition. Chapter 3 provides evidence that that increased numbers of U.S. troops in a country is associated with increased exports to and imports from the U.S. I provide evidence suggesting that this effect is not driven by favourable U.S. policies that coincided with troop increases. I find that the pro-trade effect of troops is concentrated in differentiated and consumer goods industries. I also find some evidence that soldiers provide a boost to the trade of cultural goods. The results in this paper complement abundant anecdotal evidence that suggests that American military personnel bring back foreign goods and culture while also spreading American culture and goods.
Author: Kiseol Nam
Publisher:
ISBN:
Category : Brewing industry
Languages : en
Pages : 172
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Book Description
This study provides the model that first synthesizes strategic group theory with the New Empirical Industrial Organization (NEIO) approach in the international trade analysis, and uses the annual group data (1953-1988) from the U.S. brewing industry with two strategic groups (national producers and regional producers) in the presence of growing import competition. The main goal of study is to examine the impact of import and strategic group competition on strategic group behavior and market power in the U.S. brewing industry. Using the conjectural variation technique under the profit maximization assumption, the model estimates directly conjectural elasticities and the Lerner indexes incorporating firm behavior in competing with rivals from imports, and inside and outside each strategic group. The thesis shows the main following conclusions. Inside the group, national and regional brewers behave like Bertrand-type competitors and regional firms are more competitive than national firms. In the cross-group rivalry, national firms expect a cooperative response from regional brewers and regional firms expect an aggressive response from national producers. Holding possibly a sufficient niche market, import competition does not affect the behavior and market power of national and regional producers. As for over-all behavior, neither national nor regional firms behave like price-takers. National firms exert a significantly higher degree of market power than do regional firms, the market power of which appears to be harmed by national brewers. However, an average brewer exercises no market power in the industry as a whole.
Author: Elias Dinopoulos
Publisher:
ISBN:
Category : Competition, International
Languages : en
Pages : 16
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Book Description
Author: Xiaoyang Li
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We examine the impact of import competition on firms' innovation input and output. We conjecture that U.S. firms view import competition from high-wage countries (HWCs) as “neck-and-neck” competition and will respond by intensifying innovation. In contrast, U.S. firms will reduce innovation in response to import competition from low-wage countries (LWCs), because such competition does not always increase the potential benefits from innovation. Our empirical results are supportive. We find that, when confronting HWC import competition, U.S. firms increase R&D spending while intensifying and improving innovation output (file more patents, receive more citations to their patents, and produce more breakthrough patents). Moreover, U.S. firms closest to the technological frontier -- largest firms, firms with the largest stocks of knowledge, and most profitable firms -- increase and improve their innovation the most in response to HWC competition. These results shed light on the relationship between product market competition and innovation, and point to the origin of import competition as a determent of innovation decisions made by U.S. companies.
