Estimating US Consumer Gains from Chinese Imports

Liang Bai and Sebastian Stumpner

Working papers from Banque de France

Abstract: We estimate the size of US consumer gains from Chinese imports during 2004-2015. Using barcode-level price and expenditure data, we construct inflation rates under CES preferences, and use Chinese exports to Europe as an instrument. We find significant negative effects of Chinese imports on US prices. This effect is driven by both changes in the prices of existing goods and the entry of new goods and it is similar across consumer groups by income or region. A simple benchmarking exercise suggests that Chinese imports led to a 0.19 ppt annual reduction in the price index for consumer tradables.

Keywords: Chinese Import Penetration; Consumer Gains. (search for similar items in EconPapers)
JEL-codes: F14 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2019
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (23)

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Journal Article: Estimating US Consumer Gains from Chinese Imports (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:718

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