Concentration in International Markets: Evidence from US Imports

Alessandra Bonfiglioli (), Rosario Crino () and Gino Gancia

No 8986, CESifo Working Paper Series from CESifo

Abstract: We use transaction-level data to study changes in the concentration of US imports. Concentration has fallen in the typical industry, while it is stable by industry and origin country. The fall in 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. At the industry level, top firms are converging, but top firms within country are diverging. Finally, higher concentration from an origin country is associated with a fall in prices, foreign entry and industry growth. These facts suggest that intensified competition in international markets coexists with growing concentration among national producers.

Keywords: superstar firms; concentration; US imports; firm heterogeneity; international trade (search for similar items in EconPapers)
JEL-codes: E23 F12 F14 L11 R12 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-com, nep-ifn, nep-ind, nep-int and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Concentration in international markets: Evidence from US imports (2021)
Working Paper: Concentration in International Markets: Evidence from US Imports (2019)
Working Paper: Concentration in International Markets: Evidence from US Imports (2019)
Working Paper: Concentration in International Markets: Evidence from US Imports (2019)
Working Paper: Concentration in international markets: evidence from US Imports (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_8986

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