Estimating US Consumer Gains from Chinese Imports
نویسندگان
چکیده
منابع مشابه
Skill Upgrading and Imports in US Manufacturing
The majority of skill-upgrading in the United States in the 1980s and early 1990s was due to within industry shifts in skill-intensity. Traditional trade theory, represented by the HeckscherOhlin model, predicts that trade affects relative employment primarily by shifting resources across industries. For this reason, many economists have concluded that international trade has played a minor rol...
متن کاملSkill Upgrading and Imports in US Manufacturing
Recent theoretical models show that international trade can induce within-industry skillupgrading by raising R&D intensity and creating skill-biased technologies. This paper tests this assertion by estimating the effect of rising import shares on wage shares for 4-digit SIC US manufacturing industries. Using Arellano-Bond estimation to account for the endogeneity of imports, I find that neither...
متن کاملOn Measuring the Welfare Gains from Trade under Consumer Heterogeneity
I develop a multi-country multi-industry model of trade that features heterogeneous consumers with non-homothetic preferences. I use the model to quantify the measurement errors in the welfare gains estimates caused by the assumption of a representative consumer (ARC). First, I reduce the world level of all trade costs by 15% and find that ARC overestimates (underestimates) the gains of the poo...
متن کاملEstimating Consumer Demand From High-Frequency Data
Price discrimination offers sellers the possibility of increasing revenue by capturing a market’s consumer surplus: arising from the low price elasticity segment of customers that would have been prepared to pay more than the current market price. First degree price discrimination requires a seller to know the maximum (reserve) price that each consumer is willing to pay. Discouragingly, this in...
متن کاملWho gains from nominal devaluation? An empirical assessment of Euro-area exports and imports
In early 2013 rumors about the Euro-appreciation gained momentum, which may lead to decreases in exports and increases in imports of the member states. Therefore, we investigate the impact of changes in the nominal Euro exchange rate vis-à-vis major currencies on export and import performance of nine different Euro-area-countries. To disentangle the “true” equilibrium elasticities SURE system e...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: American Economic Review: Insights
سال: 2019
ISSN: 2640-205X,2640-2068
DOI: 10.1257/aeri.20180358