02732cam a22004577a 4500 14198435 20250606222806.8 cr ||||||||||| 051213s2005 mau sb 000 0 eng 14198435 7 cbc orignew 4 ncip 20 y-gencompf undetermined NBER se20 2005-12-13 webcat se20 2005-12-13 se20 2005-12-13 LCAP batch update 2025-06-01-04:00: LCAPM-989 2005620592 DLC DLC HB1 Blonigen, Bruce A. (Bruce Aloysius) Foreign subsidization and the excess capacity hypothesis [electronic resource] / Bruce A. Blonigen, Wesley W. Wilson. Cambridge, MA : National Bureau of Economic Research, c2005. text txt rdacontent computer c rdamedia computer disc cd rdacarrier NBER working paper series ; working paper 11798 Title from PDF file as viewed on 12/13/2005. Includes bibliographical references. Unrestricted online access "The U.S. steel industry contends foreign-subsidized excess capacity has led to its long-run demise, yet no one has formally examined this hypothesis. In this paper, we incorporate foreign subsidization considerations into a model based on Staiger and Wolak's (1992) cyclical-dumping framework and demonstrate that foreign export supply responses to foreign demand shocks depend critically on whether foreign firms have subsidized excess capacity. We then test the excess capacity hypothesis using detailed product and country data on steel exports to the U.S. market from 1979 through 2002, and find strong statistical evidence that rejects the U.S. steel industry's foreign excess capacity claims. Our empirical methodology may be applicable to many other products, including agricultural markets that have been the subject of intense discussions within the WTO"--National Bureau of Economic Research web site. Also available in print. Mode of access: World Wide Web. System requirements: Adobe Acrobat Reader. Dumping (International trade) Export subsidies. Imports United States. Steel industry and trade United States. Wilson, Wesley W. National Bureau of Economic Research. Working paper series (National Bureau of Economic Research : Online) ; working paper no. 11798. gdcebookspublic 2005620592 https://hdl.loc.gov/loc.gdc/gdcebookspublic.2005620592 http://papers.nber.org/papers/W11798 gdc/scd