Product Cycles in U.S. Imports Data
Chong Xiang ()
The Review of Economics and Statistics, 2014, vol. 96, issue 5, 999-1004
In this paper, I construct product-level U.S.-manufacturing-imports data for new products. I show that consistent with product cycles, the North's new-products exports to the United States, relative to its old-products exports, grow faster than the South's for over a decade; then the South catches up with the North, and this pattern is reversed. This finding holds up in parametric, nonparametric, and semiparametric estimations, and only when new products are properly identified and old products within the same industries are used as controls. There is also evidence that product cycles become shorter over time and they are technology related.
Keywords: product cycles; U.S. imports; manufacturing (search for similar items in EconPapers)
JEL-codes: F10 (search for similar items in EconPapers)
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