Chinese Exports and U.S. Import Prices - Federal Reserve Bank of ...

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50% 40% 30% 20% 10% 0% -10% -20% 50% 40% 30% 20% 10% 0% -10% -20% All China RoW (a) Percent change in markups (1997/2001 to 2002/2006) All China RoW (b) Percent change in marginal cost (1997/2001 to 2002/2006) Mechanical and computers (84) Animal and animal products (1-5) Vegetable products (6-15) Textiles (50-63) Transportation (86-89) Wood & wood products (44-49) Foodstuffs (16-24) Footwear/Headgear (64-67) Plastics & rubber (39-40) Electric machinery (85) Chemicals & allied industries (28-38) Stone/glass (68-71) Metals (72-83) Mineral products (25-27) Metals (72-83) Stone/glass (68-71) Wood & wood products (44-49) Vegetable products (6-15) Footwear/Headgear (64-67) Plastics & rubber (39-40) Chemicals & allied industries (28-38) Electric machinery (85) Mechanical and computers (84) Textiles (50-63) Animal and animal products (1-5) Foodstuffs (16-24) Mineral products (25-27) Transportation (86-89) Figure 7: Changes in markups and marginal cost by sector (China incumbent)
10% 8% 6% 4% 2% 0% -2% China entry China incumbent All China RoW All China RoW Markup Marginal Cost Figure 8: Growth in the markup and marginal cost components of import prices in industries that China entered
Page 1 and 2: Federal Reserve Bank of New York St
Page 3 and 4: One of the most remarkable changes
Page 5 and 6: The main methodological development
Page 7 and 8: 1 China’s e¤ect on the distribut
Page 9 and 10: 3 shows the contribution of China t
Page 11 and 12: curve or the …rm’s production f
Page 13 and 14: 2.2 Case II: Variable markups and h
Page 15 and 16: The solution for the parameters of
Page 17 and 18: Warzynski, but is quite plausible f
Page 19 and 20: 4 ln pi=China = 4 = 4 + 4 nX 1 n i
Page 21 and 22: set of industries that China entere
Page 23 and 24: the international trade data, we ob
Page 25 and 26: References [1] Amiti, Mary and Amit
Page 27 and 28: [24] Juan Carlos Hallak & Peter K.
Page 29 and 30: Case II skewness decomposition Skew
Page 31 and 32: Std. dev. change minus std. dev. ch
Page 33 and 34: Density 0 5 10 15 20 Density 0 1 2
Page 35: 50% 40% 30% 20% 10% 0% -10% -20% -3
Page 39 and 40: # Industries By Industry Import Val
Page 41 and 42: Dependent variable: Log of markup 1

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