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Commercial Rivalry as Seller Incidence Shifting: Non-parametric Accounting of the China Shock
James E. Anderson 2024-06-18
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.
이전글 | 제9차 한일중 3국 정상회의 의미와 과제 | 2024-06-18 |
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다음글 | 주요국 중국 이커머스 플랫폼 규제 동향, AI서울정상회의, 리튬공급망 연구동향 | 2024-06-18 |