The concentration of US imports is studied from transaction-level data. Concentration has fallen in the typical industry, while it is stable by industry-origin. Falling concentration is driven by the extensive margin: the number of exporting firms has grown, and the number of exported products has fallen relatively more for top firms. Instead, average revenue per product of top firms has increased. Top firms are converging at the industry level, but diverging within country. Finally, rising concentration from an origin is associated with falling prices, foreign entry and industry growth. These facts suggest that international competition coexists with national concentration.

Bonfiglioli, A., Crino, R., Gancia, G. (2021). Concentration in international markets: Evidence from US imports. JOURNAL OF MONETARY ECONOMICS, 121, 19-39 [10.1016/j.jmoneco.2021.04.008].

Concentration in international markets: Evidence from US imports

Gancia G.
2021

Abstract

The concentration of US imports is studied from transaction-level data. Concentration has fallen in the typical industry, while it is stable by industry-origin. Falling concentration is driven by the extensive margin: the number of exporting firms has grown, and the number of exported products has fallen relatively more for top firms. Instead, average revenue per product of top firms has increased. Top firms are converging at the industry level, but diverging within country. Finally, rising concentration from an origin is associated with falling prices, foreign entry and industry growth. These facts suggest that international competition coexists with national concentration.
Articolo in rivista - Articolo scientifico
Concentration; Firm heterogeneity; International trade; Superstar firms; US imports;
English
2021
19
39
21
Bonfiglioli, A., Crino, R., Gancia, G. (2021). Concentration in international markets: Evidence from US imports. JOURNAL OF MONETARY ECONOMICS, 121, 19-39 [10.1016/j.jmoneco.2021.04.008].
File in questo prodotto:
File Dimensione Formato  
Bonfiglioli-2021-J Monet Econ-VoR.pdf

Solo gestori archivio

Descrizione: Research Article
Tipologia di allegato: Publisher’s Version (Version of Record, VoR)
Dimensione 1.72 MB
Formato Adobe PDF
1.72 MB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10281/396707
Citazioni
  • Scopus 1
  • ???jsp.display-item.citation.isi??? 1
Social impact