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Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being a prime contributor to the slump. We estimate that...
Persistent link: https://www.econbiz.de/10010528328
production. We assume that price setters are constrained by the existence of Calvo (1983) contracts which enables us to measure …
Persistent link: https://www.econbiz.de/10011508076
Production capital and technology, fundamental to understanding output and productivity growth, are unobserved except … dynamic economic model of a representative production firm and using the estimated model to compute Kalman-filtered estimates …
Persistent link: https://www.econbiz.de/10003120218
Persistent link: https://www.econbiz.de/10003364838
Since the 1970s, exports and imports of manufactured goods have been the engine of international trade and much of that trade relies on container shipping. This paper introduces a new monthly index of the volume of container trade to and from North America. Incorporating this index into a...
Persistent link: https://www.econbiz.de/10012550202
sectoral patenting trends, we find that U.S. patent production declines in sectors facing greater import competition. This …
Persistent link: https://www.econbiz.de/10012105572
We empirically examine how import competition affects sentiment toward China in local communities in the United States using a news-based index for sentiment. Results are threefold. First, U.S. sentiment toward China peaked in 2007 before turning negative. Second, communities more exposed to...
Persistent link: https://www.econbiz.de/10014514814
Persistent link: https://www.econbiz.de/10003623797
In last few decades, Asian production networks have contributed significantly toward the rapid trade expansion and …, the ability of the rest of the world to absorb Asia's exports has decreased. Export production in some Asian countries has … standards. This can be done by leveraging production networks to graduate to higher value-added, knowledge-intensive activities …
Persistent link: https://www.econbiz.de/10009571750
West German manufacturing subset of the IFO Business Climate Survey to infer quarterly production changes at the firm level … and combine them with production expectations over a quarterly horizon in the same survey to construct series of … and at most 34 percent of firms systematically over- or underpredict their one-quarter-ahead upcoming production. In a …
Persistent link: https://www.econbiz.de/10009724017