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Barriers to Trade and the Import Vulnerability of U.S. Manufacturing Industries

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  • Clark, Don P
  • Kaserman, David L
  • Mayo, John W

Abstract

While it is widely recognized that imports can discipline markets, the strength of that disciplinary power surely varies across industries. The determinants and extent of this interindustry variation in the disciplinary force for foreign trade flows is, however, relatively unexplored. This article investigates the microeconomic determinants of changing import shares at the industry level for U.S. manufacturing industries. Based upon this investigation, the authors are able to create an index that measures the relative vulnerability of the various manufacturing industries to foreign competition and test a number of hypotheses concerning the underlying causes of observed variations in import vulnerability. Copyright 1990 by Blackwell Publishing Ltd.

Suggested Citation

  • Clark, Don P & Kaserman, David L & Mayo, John W, 1990. "Barriers to Trade and the Import Vulnerability of U.S. Manufacturing Industries," Journal of Industrial Economics, Wiley Blackwell, vol. 38(4), pages 433-447, June.
  • Handle: RePEc:bla:jindec:v:38:y:1990:i:4:p:433-47
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    Cited by:

    1. Zimmerman, Paul R. & Carlson, Julie A., 2012. "Critical import supply elasticities and the ‘imports-as-market-discipline’ hypothesis," Journal of Economic Behavior & Organization, Elsevier, vol. 84(1), pages 345-354.
    2. Aidan Hollis, 2003. "Industrial Concentration, Output, and Trade: An Empirical Exploration," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 22(2), pages 103-119, March.
    3. Kellman, Mitchell & Shachmurove, Yochanan & Saadawi, Tarek, 1996. "Import vulnerability of defense-related industries: An empirical model," Journal of Policy Modeling, Elsevier, vol. 18(1), pages 87-107, February.
    4. repec:wiw:wus005:6287 is not listed on IDEAS
    5. Mitchell, Mark L. & Mulherin, J. Harold, 1996. "The impact of industry shocks on takeover and restructuring activity," Journal of Financial Economics, Elsevier, vol. 41(2), pages 193-229, June.
    6. Zimmerman, Paul R. & Carlson, Julie A., 2010. "Critical import supply elasticities and the ‘imports-as-market-discipline’ hypothesis," MPRA Paper 27848, University Library of Munich, Germany.

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