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- W2098282637 abstract "The effect of import competition from low-wage countries on U.S. inflationary pressure is estimated using a new methodology that identifies the causal response of prices to comparative advantage-induced supply shocks in these nations. The results of a panel covering 325 manufacturing industries from 1997 to 2006 show that imports from nine low-wage countries are associated with strong downward pressure on prices. When these nations capture a 1% share of the U.S. sector, the sector's producer prices decrease by 2.35%. Because import competition also influences the skewness of the distribution of price changes, it is likely to have impacted U.S. equilibrium inflation." @default.
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- W2098282637 date "2010-05-01" @default.
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- W2098282637 title "The effect of low-wage import competition on U.S. inflationary pressure" @default.
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- W2098282637 doi "https://doi.org/10.1016/j.jmoneco.2010.02.007" @default.
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