This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Import Competition and the Stock Market Return to Capital Author info | Abstract | Publisher info | Download info | Related research | Statistics Grossman, Gene M
Levinsohn, James A
Additional information is available for the following
registered author(s):
The authors measure the responsiveness of returns to capital invested in six U.S. industries to shocks to the prices of competing import goods. Unanticipated, positive shocks to import prices cause higher than normal stock-market returns in all six industries. The magnitudes of these responses are consistent with the hypothesis that capital is highly specific to its sector of use in five of the six industries studied. Copyright 1989 by American Economic Association.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Article provided by American Economic Association in its journal American Economic Review .
Volume (Year): 79 (1989)
Issue (Month): 5 (December)
Pages: 1065-87
Download reference. The following formats are available: HTML ,
plain text ,
BibTeX ,
RIS (EndNote),
ReDIF
Handle: RePEc:aea:aecrev:v:79:y:1989:i:5:p:1065-87Contact details of provider: Email: Web page: http://www.aeaweb.org/aer/ More information through EDIRC
Order Information: Web: http://www.aeaweb.org/subscribe.html
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Hartigan, James C & Perry, Philip R & Kamma, Sreenivas, 1986.
"The Value of Administered Protection: A Capital Market Approach ,"
The Review of Economics and Statistics ,
MIT Press, vol. 68(4), pages 610-17, November.
[Downloadable!] (restricted)
Pagan, Adrian, 1984.
"Econometric Issues in the Analysis of Regressions with Generated Regressors ,"
International Economic Review ,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 221-47, February.
[Downloadable!] (restricted)
Nancy L. Rose, 1985.
"The Incidence of Regulatory Rents in the Motor Carrier Industry ,"
RAND Journal of Economics ,
The RAND Corporation, vol. 16(3), pages 299-318, Autumn.
[Downloadable!] (restricted)
Mayer, Wolfgang, 1974.
"Short-Run and Long-Run Equilibrium for a Small Open Economy ,"
Journal of Political Economy ,
University of Chicago Press, vol. 82(5), pages 955-67, Sept./Oct.
[Downloadable!] (restricted)
Gene M. Grossman, 1986.
"Imports as a Cause of Injury: The Case of the U.S. Steel Industry ,"
NBER Working Papers
1494, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Schwert, G William, 1981.
"Using Financial Data to Measure Effects of Regulation ,"
Journal of Law & Economics ,
University of Chicago Press, vol. 24(1), pages 121-58, April.
Pakes, Ariel, 1985.
"On Patents, R&D, and the Stock Market Rate of Return ,"
Journal of Political Economy ,
University of Chicago Press, vol. 93(2), pages 390-409, April.
[Downloadable!] (restricted)
Cox, John C & Ingersoll, Jonathan E, Jr & Ross, Stephen A, 1985.
"A Theory of the Term Structure of Interest Rates ,"
Econometrica ,
Econometric Society, vol. 53(2), pages 385-407, March.
[Downloadable!] (restricted)
Gibbons, Michael R, 1987.
"The Interrelations of Finance and Economics: Empirical Perspectives ,"
American Economic Review ,
American Economic Association, vol. 77(2), pages 35-41, May.
[Downloadable!] (restricted)
Mussa, Michael, 1974.
"Tariffs and the Distribution of Income: The Importance of Factor Specificity, Substitutability, and Intensity in the Short and Long Run ,"
Journal of Political Economy ,
University of Chicago Press, vol. 82(6), pages 1191-1203, Nov.-Dec..
[Downloadable!] (restricted)
Nelson, Charles R & Kang, Heejoon, 1981.
"Spurious Periodicity in Inappropriately Detrended Time Series ,"
Econometrica ,
Econometric Society, vol. 49(3), pages 741-51, May.
[Downloadable!] (restricted)
Ronald W. Jones, 1965.
"The Structure of Simple General Equilibrium Models ,"
Journal of Political Economy ,
University of Chicago Press, vol. 73, pages 557.
[Downloadable!] (restricted)
Michael C. Jensen, 1972.
"Capital Markets: Theory and Evidence ,"
Bell Journal of Economics ,
The RAND Corporation, vol. 3(2), pages 357-398, Autumn.
[Downloadable!] (restricted)
Hayashi, Fumio, 1982.
"Tobin's Marginal q and Average q: A Neoclassical Interpretation ,"
Econometrica ,
Econometric Society, vol. 50(1), pages 213-24, January.
[Downloadable!] (restricted)
Other versions: Fama, Eugene F, 1973.
"A Note on the Market Model and the Two-Parameter Model ,"
Journal of Finance ,
American Finance Association, vol. 28(5), pages 1181-85, December.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Porto, Guido G., 2004.
"Informal export barriers and poverty ,"
Policy Research Working Paper Series
3354, The World Bank.
[Downloadable!]
Other versions: James Melvin, Robert Waschik, 2001.
"The neoclassical ambiguity in the specific factor model ,"
Journal of International Trade & Economic Development ,
Taylor and Francis Journals, vol. 10(3), pages 321-337, September.
[Downloadable!] (restricted)
Avik Chakrabarti, 2003.
"Import competition, employment and wage in US manufacturing: new evidence from multivariate panel cointegration analysis ,"
Applied Economics ,
Taylor and Francis Journals, vol. 35(13), pages 1445-1449, September.
[Downloadable!] (restricted)
Erik Dohlman, 2001.
"A new look at the impact of U.S. import barriers on corporate profit expectations ,"
Review of World Economics (Weltwirtschaftliches Archiv) ,
Springer, vol. 137(4), pages 666-689, December.
[Downloadable!] (restricted)
Edward E. Leamer & James Levinsohn, 1994.
"International Trade Theory: The Evidence ,"
NBER Working Papers
4940, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
Leamer, Edward E. & Levinsohn, James, 1995.
"International trade theory: The evidence ,"
Handbook of International Economics ,
in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 26, pages 1339-1394
Elsevier.
[Downloadable!] (restricted) Guido G. Porto, 2003.
"Using survey data to assess the distributional effects of trade policy ,"
Policy Research Working Paper Series
3137, The World Bank.
[Downloadable!]
Other versions: James A. Levinsohn & Jeffrey K. MacKie-Mason, 1989.
"A Simple, Consistent Estimator for Disturbance Components in Financial Models ,"
NBER Technical Working Papers
0080, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
Levinsohn, J. & Mackie-Mason, J., 1989.
"A Simple, Consistent Estimator For Disturbance Components In Financial Models ,"
Papers
89-16, Michigan - Center for Research on Economic & Social Theory.
Levinsohn, J. & Mackie-Mason, J.K., 1989.
"A Simple, Consistent Estimate For Disturbance Components In Financial Models ,"
Working Papers
243, Research Seminar in International Economics, University of Michigan.
Levinsohn, J. & Mackie-Mason, J.K., 1989.
"A Simple, Consistent Estimator For Disturbance Components In Financial Models ,"
Papers
443, Stockholm - International Economic Studies.
Levinsohn, James & MacKie-Mason, Jeffrey K, 1990.
"A Simple, Consistent Estimator for Disturbance Components in Financial Models ,"
The Review of Economics and Statistics ,
MIT Press, vol. 72(3), pages 516-20, August.
[Downloadable!] (restricted)
Access and
download statistics Did you know? Authors registered on the RePEc Author Service receive monthly emails with details about downloads and abstract views of their works.
This page was last updated on 2008-9-19.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .