Intra-Industry Adjustment to Import Competition: Theory and Application to the German Clothing Industry
Abstract
This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms face a fall in output, mark-ups and profits, and the average productivity of survivors increases. These pro-competitive effects of import penetration on the domestic industry disappear in the long run. The predictions for the short run are confirmed in an empirical study of the German clothing industryDownload Info
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Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1557.Length: 22 pages
Date of creation: Sep 2009
Date of revision:
Handle: RePEc:kie:kieliw:1557
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Related research
Keywords: international trade; firm heterogeneity; productivity; clothing industry;Other versions of this item:
- Horst Raff & Joachim Wagner, 2010. "Intra-industry Adjustment to Import Competition: Theory and Application to the German Clothing Industry," The World Economy, Wiley Blackwell, vol. 33(8), pages 1006-1022, 08.
- Horst Raff & Joachim Wagner, 2009. "Intra-Industry Adjustment to Import Competition: Theory and Application to the German Clothing Industry," CESifo Working Paper Series 2851, CESifo Group Munich.
- Horst Raff & Joachim Wagner, 2009. "Intra-Industry Adjustment to Import Competition: Theory and Application to the German Clothing Industry," Working Paper Series in Economics 144, University of Lüneburg, Institute of Economics.
- Raff, Horst & Wagner, Joachim, 2009. "Intra-Industry Adjustment to Import Competition: Theory and Application to the German Clothing Industry," IZA Discussion Papers 4434, Institute for the Study of Labor (IZA).
- F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies
- F15 - International Economics - - Trade - - - Economic Integration
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-09-26 (All new papers)
- NEP-BEC-2009-09-26 (Business Economics)
- NEP-COM-2009-09-26 (Industrial Competition)
- NEP-CSE-2009-09-26 (Economics of Strategic Management)
- NEP-EFF-2009-09-26 (Efficiency & Productivity)
- NEP-INT-2009-09-26 (International Trade)
References
References listed on IDEASPlease 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.:
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Doan, Tinh, 2012.
"Evolution of competition in Vietnam industries over the recent economic transition,"
Economics Discussion Papers
2012-12, Kiel Institute for the World Economy.
- Doan, Tinh & Stevens, Philip, 2012. "Evolution of competition in Vietnam industries over the recent economic transition," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 6(19), pages 1-24.
- Doan, Tinh, 2011. "Evolution of competition in Vietnam industries over the recent economic transition," MPRA Paper 34254, University Library of Munich, Germany.
- Nils Braakmann & Joachim Wagner, 2009.
"Labor market adjustments after a large import shock: Evidence from the German clothing industry and the Multi-Fibre Arrangement,"
Working Paper Series in Economics
155, University of Lüneburg, Institute of Economics.
- Braakmann, Nils & Wagner, Joachim, 2009. "Labor Market Adjustments after a Large Import Shock: Evidence from the German Clothing Industry and the Multi-Fibre Arrangement," IZA Discussion Papers 4633, Institute for the Study of Labor (IZA).
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