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"This paper examines the role of international trade in the reallocation of U.S. manufacturing activity within and across industries from 1977 to 1997. It introduces a new measure of industry exposure to international trade, motivated by the Heckscher-Ohlin model, which focuses on where imports originate rather than their overall level. Results demonstrate that plant survival as well as output and employment growth are negatively associated with the share of industry imports sourced from the world's lowest-wage countries. Within industries, activity is reallocated towards capital-intensive plants. Plants are also more likely to alter their product mix (i.e. switch industries) in response to trade with low-wage countries. Plants altering their product mix switch to industries that are more capital and skill-intensive"--London School of Economics web site.
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Edition | Availability |
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1
Survival of the best fit: exposure to low-wage countries and the (uneven) growth of U.S. manufacturing plants
2003, Centre for Economic Performance, London School of Economics and Political Science
Electronic resource
in English
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2
Survival of the best fit: competition from low wage countries and the uneven growth of US manufacturing plants
2002, National Bureau of Economic Research
in English
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Book Details
Edition Notes
Includes bibliographical references.
Title from summary page as viewed on 1/7/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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