Schott, Peter K.
Most widely held works by Peter K Schott
Assessing the impact of trade liberalization on import-competing industries in the Appalachian Region by Andrew B Bernard ( Book )
1 edition published in 2005 in English and held by 183 libraries worldwide
Distance, skill deepening and development : will peripheral countries ever get rich by Stephen Redding ( Book )
12 editions published in 2003 in English and No Linguistic content and held by 80 libraries worldwide
"This paper models the relationship between countries' distance from global economic activity, endogenous investments in education, and economic development. Firms in remote locations pay greater trade costs on both exports and intermediate imports, reducing the amount of value added left to remunerate domestic factors of production. If skill- intensive sectors have higher trade costs, more pervasive input-output linkages, or stronger increasing returns to scale, we show theoretically that remoteness depresses the skill premium and therefore incentives for human capital accumulation. Empirically, we exploit structural relationships from the model to demonstrate that countries with lower market access have lower levels of educational attainment. We also show that the world''s most peripheral countries are becoming increasingly economically remote over time"--London School of Economics web site.
Product choice and product switching by Andrew B Bernard ( Book )
10 editions published in 2003 in English and No Linguistic content and held by 73 libraries worldwide
"This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than 40% of firm output and almost half of existing products. The theoretical model incorporates heterogeneous firms, heterogeneous products, and ongoing entry and exit. In equilibrium, firm productivity is correlated with product fixed costs, with the most productive firms choosing to make the products with the highest fixed costs. Changes in market structure result in systematic patterns of firm entry/exit and product switching"--London School of Economics web site.
Factor price equality and the economies of the United States by Andrew B Bernard ( Book )
11 editions published between 2000 and 2005 in English and No Linguistic content and held by 72 libraries worldwide
Do rich and poor countries specialize in a different mix of goods? : evidence from product-level US trade data by Peter K Schott ( Book )
5 editions published in 2001 in English and No Linguistic content and held by 71 libraries worldwide
Survival of the best fit : competition from low wage countries and the uneven growth of US manufacturing plants by Andrew B Bernard ( Book )
6 editions published in 2002 in English and No Linguistic content and held by 71 libraries worldwide
One size fits all? : Heckscher-Ohlin specialization in global production by Peter K Schott ( Book )
6 editions published in 2001 in English and held by 71 libraries worldwide
Falling trade costs, heterogeneous firms, and industry dynamics by Andrew B Bernard ( Book )
8 editions published in 2003 in English and No Linguistic content and held by 66 libraries worldwide
"This paper examines the response of industries and firms to changes in trade costs. Several new firm-level models of international trade with heterogeneous firms predict that industry productivity will rise as trade costs fall due to the reallocation of activity across plants within an industry. Using disaggregated U.S. import data, we create a new measure of trade costs over time and industries. As the models predict, productivity growth is faster in industries with falling trade costs. We also find evidence supporting the major hypotheses of the heterogeneous-firm models. Plants in industries with falling trade costs are more likely to die or become exporters. Existing exporters increase their shipments abroad. The results do not apply equally across all sectors but are strongest for industries most likely to be producing horizontally-differentiated tradeable goods"--London School of Economics web site.
U.S. imports, exports and tariff data, 1989-2001 by Robert C Feenstra ( Book )
5 editions published in 2002 in English and No Linguistic content and held by 66 libraries worldwide
Comparative advantage and heterogeneous firms by Andrew B Bernard ( Book )
5 editions published in 2004 in English and held by 65 libraries worldwide
"This paper presents a model of international trade that features heterogeneous firms, relative endowment differences across countries, and consumer taste for variety. The paper demonstrates that firm reactions to trade liberalization generate endogenous Ricardian productivity responses at the industry level that magnify countries' comparative advantage. Focusing on the wide range of firm-level reactions to falling trade costs, the model also shows that, as trade costs fall, firms in comparative advantage industries are more likely to export, that relative firm size and the relative number of firms increases more in comparative advantage industries and that job turnover is higher in comparative advantage industries than in comparative disadvantage industries"--NBER website.
A note on the empirical implementation of lens condition by Andrew B Bernard ( Book )
4 editions published in 2005 in English and held by 62 libraries worldwide
"Deardorff [Journal of International Economics 36 (1994) 167-175] offers an intuitively appealing test for factor price equality (FPE). He demonstrates that FPE is impossible if the set (i.e., lens) of points defined by regional factor abundance vectors does not lie within the set of points defined by goods' input intensities. This note demonstrates that empirical implementation of the lens condition is problematic if the "true" number of either goods or regions is unknown. We show that satisfaction of the lens condition is more likely when goods are relatively disaggregate compared to regions"--National Bureau of Economic Research web site.
Is Mexico a lumpy country by Andrew B Bernard ( Book )
4 editions published in 2004 in English and held by 62 libraries worldwide
"Mexico's experience before and after trade liberalization presents a challenge to neoclassical trade theory. Though labor abundant, it nevertheless exported skill-intensive goods and protected labor-intensive sectors prior to liberalization. Post-liberalization, the relative wage of skilled workers rose. Courant and Deardorff (1992) have shown theoretically that an extremely uneven distribution of factors within a country can induce behavior at odds with overall comparative advantage. We demonstrate the importance of this insight for developing countries. We show that Mexican regions exhibit substantial variation in skill abundance, offer significantly different relative factor rewards, and produce disjoint sets of industries. This heterogeneity helps to both undermine Mexico's aggregate labor abundance and motivate behavior that is more consistent with relative skill abundance"--National Bureau of Economic Research web site.
Products and productivity by Peter K Schott ( Book )
3 editions published in 2005 in English and held by 61 libraries worldwide
"Firms' decisions about which goods to produce are often made at a more disaggregate level than the data observed by empirical researchers. When products differ according to production technique or the way in which they enter demand, this data aggregation problem introduces a bias into standard measures of firm productivity. We develop a theoretical model of heterogeneous firms endogenously self-selecting into heterogeneous products. We characterize the bias introduced by unobserved variation in product mix across firms, and the implications of this bias for identifying firm and industry responses to exogenous policy shocks such as deregulation. More generally, we demonstrate that product switching gives rise to a richer set of industry-level dynamics than models where firm product mix remains fixed"--National Bureau of Economic Research web site.
Importers, exporters, and multinationals : a portrait of firms in the U.S. that trade goods by Andrew B Bernard ( Book )
5 editions published in 2005 in English and held by 60 libraries worldwide
"This paper provides an integrated view of globally engaged U.S. firms by exploring a newly developed dataset that links U.S. international trade transactions to longitudinal data on U.S. enterprises. These data permit examination of a number of new dimensions of firm activity, including how many products firms trade, how many countries firms trade with, the characteristics of those countries, the concentration of trade across firms, whether firms transact at arms length or with related parties, and whether firms import as well as export. Firms that trade goods play an important role in the U.S., employing more than a third of the U.S. workforce. We find that the most globally engaged U.S. firms, i.e. those that both export to and import from related parties, dominate U.S. trade flows and employment at trading firms. We also find that firms that begin trading between 1993 and 2000 experience especially rapid employment growth and are a major force in overall job creation"--National Bureau of Economic Research web site.
Transfer pricing by U.S. based multinational firms by Andrew B Bernard ( Book )
3 editions published in 2006 in English and held by 53 libraries worldwide
This paper examines how prices set by multinational firms vary across arm's-length and related-party customers. Comparing prices within firms, products, destination countries, modes of transport and month, we find that the prices U.S. exporters set for their arm's-length customers are substantially larger than the prices recorded for related-parties. This price wedge is smaller for commodities than for differentiated goods, is increasing in firm size and firm export share, and is greater for goods sent to countries with lower corporate tax rates and higher tariffs. We also find that changes in exchange rates have differential effects on arm's-length and related-party prices; an appreciation of the dollar reduces the difference between the prices.
Multi-product firms and product switching by Andrew B Bernard ( Book )
8 editions published in 2006 in English and held by 52 libraries worldwide
"This paper examines the frequency, pervasiveness and determinants of product switching among U.S. manufacturing firms. We find that two-thirds of firms alter their mix of five-digit SIC products every five years, that one-third of the increase in real U.S. manufacturing shipments between 1972 and 1997 is due to the net adding and dropping of products by survivors, and that firms are more likely to drop products which are younger and have smaller production volumes relative to other firms producing the same product. The product-switching behavior we observe is consistent with an extended model of industry dynamics emphasizing firm heterogeneity and self-selection into individual product markets. Our findings suggest that product switching contributes towards a reallocation of economic activity within firms towards more productive uses"--National Bureau of Economic Research web site.
Multi-product firms and trade liberalization by Andrew B Bernard ( Book )
5 editions published between 2006 and 2009 in English and held by 50 libraries worldwide
This paper develops a general equilibrium model of multi-product firms and analyzes their behavior during trade liberalization. Firm productivity in a given product is modeled as a combination of firm-level "ability" and firm-product-level "expertise", both of which are stochastic and unknown prior to the firm's payment of a sunk cost of entry. Higher firm-level ability raises a firm's productivity across all products, which induces a positive correlation between a firm's intensive (output per product) and extensive (number of products) margins. Trade liberalization fosters productivity growth within and across firms and in aggregate by inducing firms to shed marginally productive products and forcing the lowest-productivity firms to exit. Though exporters produce a smaller range of products after liberalization, they increase the share of products sold abroad as well as exports per product. All of these adjustments are shown to be relatively more pronounced in countries' comparative advantage industries.
The relative sophistication of Chinese exports by Peter K Schott ( Book )
3 editions published in 2006 in English and held by 45 libraries worldwide
"This paper examines the relative "sophistication" of China's exports to the United States along two dimensions. First, I compare China's export bundle to those of the relatively skill- and capital-abundant members of the OECD as well as to similarly endowed U.S. trading partners. Second, I examine prices within product categories to determine if China's varieties command a premium relative to its level of development"--National Bureau of Economic Research web site.
China's experience under the Multifiber Arrangement (MFA) and the Agreement on Textiles and Clothing (ATC) by Irene Brambilla ( Book )
2 editions published in 2007 in English and held by 34 libraries worldwide
This paper analyzes China's experience under U.S. apparel and textile quotas. It makes use of a unique new database that tracks U.S. trading partners' performance under the quota regimes established by the global Multifiber Arrangement (1974 to 1995) and subsequent Agreement on Textiles and Clothing (1995 to 2005). We find that China was relatively more constrained under these regimes than other countries and that, as quotas were lifted, China's exports grew disproportionately.
Estimating cross-country differences in product quality by Juan Carlos Hallak ( Book )
3 editions published in 2008 in English and held by 24 libraries worldwide
We develop a method for decomposing countries' observed export prices into quality versus quality-adjusted-price components using information contained in their trade balances. Holding observed export prices constant, countries with surpluses are inferred to offer higher quality than countries running deficits. Our method accounts for variation in trade balances induced by horizontal and vertical differentiation. We use our method to examine manufacturing product quality among the world's top exporters from 1989 to 2003. We find that the initial quality gap between high- and low-income countries is smaller than their initial income gap, and that the former narrows considerably faster over time.
Appalachian Region Balance of trade Capital costs China Classification Comparative advantage (International trade) Competition Competition, International Convergence (Economics) Developing countries Diversification in industry Econometric models Econometrics--Methodology Economic geography Economic history Exports Exports--Classification Exports--Prices Factors of production Foreign trade and employment Free trade Free trade--Econometric models Heckscher-Ohlin principle Human capital Imports Industrial location Industrial productivity International business enterprises International division of labor International economic relations International trade--Mathematical models Manpower policy Manufacturing industries Manufacturing industries--Mathematical models Marketing--Management Mexico New products--Econometric models Product differentiation Product life cycle--Mathematical models Product lines--Mathematical models Product management--Mathematical models Quality of products--Econometric models Regional economic disparities Regional economic disparities--Mathematical models Statistics Tariff Tariff--Econometric models Textile industry United States Wage differentials
Schott, Peter fl.1990-