U.S. Market Concentration and Import Competition
Virtual
Add to: Outlook, ICal, Google Calendar
Moynihan Institute of Global Affairs' Trade, Development and Political Economy Series presents Mary Amiti. Many studies have documented that market concentration has risen among U.S. firms in recent decades. In this paper, we show that this rise in concentration was accompanied by tougher product market competition due to the entry of foreign competitors. Using confidential census data covering the universe of all firm sales in the U.S. manufacturing sector, we find that rising import competition increased concentration among U.S. firms by reallocating sales from smaller to larger U.S. firms and by causing firm exit. However, this increase in concentration was counteracted by the expansion of foreign firms, which reduced domestic firms’ share of the U.S. market inclusive of foreign firms’ sales. We find that once the sales of foreign exporters are taken into account, U.S. market concentration in manufacturing was stable between 1992 and 2012.
Mary Amiti is a Vice President at the Federal Reserve Bank of New York. Prior to joining the Bank, she held positions at the International Monetary Fund, World Bank, the University of Melbourne, and the University of Pompeu Fabra. She graduated with a PhD in Economics from the London School of Economics in 1997, with a specialization in international trade. She has published in leading journals such as the American Economic Review, Quarterly Journal of Economics, Review of Economic Studies, Review of Economics and Statistics, and Journal of International Economics. Her research interests include trade finance, the effects of trade liberalization on productivity, wages, the wage skill premium, and product quality.
Category
Social Science and Public Policy
Type
Virtual
Region
Virtual
Open to
Alumni
Faculty
Parents and Families
Staff
Students, Graduate and Professional
Students, Prospective
Students, Undergraduate
Cost
Free
Organizer
MAX-Moynihan Institute of Global Affairs
Accessibility
Contact Nicholas Feeley to request accommodations
We’re Turning 100!
To mark our centennial in the fall of 2024, the Maxwell School will hold special events and engagement opportunities to celebrate the many ways—across disciplines and borders—our community ever strives to, as the Oath says, “transmit this city not only not less, but greater, better and more beautiful than it was transmitted to us.”
Throughout the year leading up to the centennial, engagement opportunities will be held for our diverse, highly accomplished community that now boasts more than 38,500 alumni across the globe.