Findings from Federal Reserve Bank Reveals New Findings on Economics (Us Market Concentration and Import Competition): Economics

2024 JUN 27 (NewsRx) -- By a News Reporter-Staff News Editor at Economics Daily Report -- Current study results on Economics have been published. According to news reporting originating in New York City, New York, by NewsRx journalists, research stated, “Many studies have documented that the sales concentration of U.S. producers has risen in recent decades. In this article, we show that this increase was accompanied by more entry and growth of foreign competitors.”

Financial support for this research came from Federal Statistical Research Data Center under FSRDC Project.

The news reporters obtained a quote from the research from Federal Reserve Bank, “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 production concentration was counteracted by the expansion of foreign firms, which reduced domestic firms’ share of the U.S. market inclusive of foreign firms’ sales.”

According to the news reporters, the research concluded: “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.”

This research has been peer-reviewed.

For more information on this research see: Us Market Concentration and Import Competition. The Review of Economic Studies, 2024. The Review of Economic Studies can be contacted at: Oxford Univ Press, Great Clarendon St, Oxford OX2 6DP, England.

Our news correspondents report that additional information may be obtained by contacting Mary Amiti, Federal Reserve Bank, New York, NY 10045, United States.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1093/restud/rdae045. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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