%0 Report
        %A Boulhol, Hervé
%A Dobbelaere, Sabien
%A Maioli, Sara
        %T Imports as Product and Labor Market Discipline
        %D 2006
        %8 2006 Jun
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 2178
        %U https://www.iza.org/index.php/publications/dp2178
        %X This paper tests the pro-competitive effect of trade in the product and labor markets of UK manufacturing sectors between 1988 and 2003 using a two-stage estimation procedure. In the first stage, we use data on 9820 firms from twenty manufacturing sectors to simultaneously estimate mark-up and workers’ bargaining power parameters according to sector, firm size and period. We find a significant drop in both the mark-up and the workers’ bargaining power in the mid-nineties. In the second stage, we relate our parameters of interest to trade variables. Our results show that imports from developed countries have significantly contributed to the decrease in both mark-ups and workers’ bargaining power.
        %K mark-ups
%K pro-competitive effect
%K workers’ bargaining power