Chang‐Tai Hsieh
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View article: International Prices, Costs and Markup Differences
International Prices, Costs and Markup Differences Open
Relative cross-border retail prices, in a common currency, comove closely with the nominal exchange rate. Using product-level prices and wholesale costs from a grocery chain operating in the United States and Canada, we decompose this var…
View article: Gains from Trade Liberalization with Flexible Extensive Margin Adjustment
Gains from Trade Liberalization with Flexible Extensive Margin Adjustment Open
We propose a sufficient statistic to measure the ex-post welfare gains from trade in CES models featuring any productivity distribution and any pattern of selection into production and exporting. This statistic is based on a single data mo…
View article: Accounting for the new gains from trade liberalization
Accounting for the new gains from trade liberalization Open
We challenge the conventional wisdom on the variety and productivity gains from trade liberalization which are commonly referred to as “new” gains from trade. In particular, we show that the import variety gains measured in studies such as…
View article: International Prices, Costs and Markup Differences
International Prices, Costs and Markup Differences Open
Relative cross-border retail prices, in a common currency, comove closely with the nominal exchange rate. Using product-level prices and wholesale costs from a grocery chain operating in the United States and Canada, we decompose this var…
View article: Gains from Trade Liberalization with Flexible Extensive Margin Adjustment
Gains from Trade Liberalization with Flexible Extensive Margin Adjustment Open
We propose a sufficient statistic to measure the ex-post welfare gains from trade in CES models featuring any productivity distribution and any pattern of selection into production and exporting. This statistic is based on a single data mo…
View article: Accounting for the new gains from trade liberalization
Accounting for the new gains from trade liberalization Open
We challenge the conventional wisdom on the variety and productivity gains from trade liberalization which are commonly referred to as “new” gains from trade. In particular, we show that the import variety gains measured in studies such as…
View article: Gains from trade liberalization with flexible extensive margin adjustment
Gains from trade liberalization with flexible extensive margin adjustment Open
We propose a sufficient statistic to measure the ex-post welfare gains from trade in CES models featuring any productivity distribution and any pattern of selection into production and exporting. This statistic is based on a single data mo…
View article: Replication Data for: "A Global View of Creative Destruction"
Replication Data for: "A Global View of Creative Destruction" Open
This is the replication package for "A Global View of Creative Destruction," accepted in 2022 by the Journal of Political Economy Macroeconomics.
View article: Replication Data for: "The Industrial Revolution in Services"
Replication Data for: "The Industrial Revolution in Services" Open
This is the replication package for "The Industrial Revolution in Services," accepted in 2022 by the Journal of Political Economy Macroeconomics.
View article: Non-Tariff Barriers in the U.S.-China Trade War
Non-Tariff Barriers in the U.S.-China Trade War Open
We use Chinese customs data to show that unofficial non-tariff barriers were responsible for 50\ %of the overall reduction in Chinese imports from the U.S. during the height of the U.S.-China trade war in 2018 and 2019.We infer non-tariff …
View article: Contract Labor and Firm Growth in India
Contract Labor and Firm Growth in India Open
India's Industrial Disputes Act (IDA) of 1947 requires firm with more than 100 workers to pay large costs if they shrink their employment.Since the early 2000s, large Indian manufacturing firms have increasingly relied on contract workers …
View article: Replication Data for: The Cost of Privacy: Welfare Effects of the Disclosure of COVID-19 Cases
Replication Data for: The Cost of Privacy: Welfare Effects of the Disclosure of COVID-19 Cases Open
Argente, David, Hsieh, Chang-Tai, and Lee, Munseob, (2022) “The Cost of Privacy: Welfare Effects of the Disclosure of COVID-19 Cases.” Review of Economics and Statistics 104:1, 176–186.
View article: The Rise of State-Connected Private Owners in China
The Rise of State-Connected Private Owners in China Open
We use administrative registration records with information on the owners of all Chinese firms to document their connections through equity investments.We show that the largest private owners have direct equity ties with state owners, the …
View article: Measuring the Cost of Living in Mexico and the US
Measuring the Cost of Living in Mexico and the US Open
Cross-country price indexes are crucial to compare living standards between countries and to measure global inequality.An accurate measurement of these price indexes is a difficult task because of the lack of accurate data on the consumpti…
View article: Accounting for the new gains from trade liberalization
Accounting for the new gains from trade liberalization Open
We challenge the conventional wisdom on the variety and productivity gains from trade liberalization which are commonly referred to as "new" gains from trade. In particular, we show that the import variety gains measured in studies such as…
View article: Replication folder: Accounting for the New Gains from Trade Liberalization
Replication folder: Accounting for the New Gains from Trade Liberalization Open
Replication folder - Accounting for the New Gains from Trade Liberalization
View article: A Global View of Creative Destruction
A Global View of Creative Destruction Open
In the wake of the U.S.-Canada Free Trade Agreement, both the U.S. and Canada experienced a sustained increase in job reallocation, including firms moving into exporting.The change involved big firms as much as small firms.To mimic these p…
View article: Housing Constraints and Spatial Misallocation
Housing Constraints and Spatial Misallocation Open
We quantify the amount of spatial misallocation of labor across US cities and its aggregate costs. Misallocation arises because high productivity cities like New York and the San Francisco Bay Area have adopted stringent restrictions to ne…
View article: A Forensic Examination of ChinaAS National Accounts
A Forensic Examination of ChinaAS National Accounts Open
China’s national accounts are based on data collected by local governments. However, since local governments are rewarded for meeting growth and investment targets, they have an incentive to skew local statistics. China’s National Bureau o…
View article: A Forensic Examination of China's National Accounts
A Forensic Examination of China's National Accounts Open
China's national accounts are based on data collected by local governments.However, since local governments are rewarded for meeting growth and investment targets, they have an incentive to skew local statistics.China's National Bureau of …