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KDI 경제정보센터

ENG
  • 경제배움
  • Economic

    Information

    and Education

    Center

최신자료
Commercial Rivalry as Seller Incidence Shifting: Non-parametric Accounting of the China Shock
NBER
2024.06.12
Intense US-China commercial rivalry is quantified in this paper with novel non-parametric relative resistance sufficient statistics. The accounting method minimizes the demand specification error variance in revealed resistances. China‘s manufacturing seller incidence falls (seller price rises) 7.6% yearly as China‘s sales share quadruples over 2000-14. US seller incidence rises 4.1% yearly as US sales share halves. Domestic trade shares closely fit revealed relative resistances with trade elasticity equal to one. Industrial policy pays for itself in suggestive projections. A 10% rise in US 2014 sales share reduces seller incidence 6.0%, exports rise and net benefit is positive.