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Abstract We evaluate the duration of the China trade shock and its impact on a wide range of outcomes over the period … in more trade-exposed U.S. commuting zones are present out to 2019. Over the full study period, greater import … and the native-born 25-39 years old, implying that exit from work is a primary means of adjustment to trade …
Persistent link: https://www.econbiz.de/10012660079
Persistent link: https://www.econbiz.de/10012661189
or stifle innovation. Using three distinct sources of variation to identify rising trade exposure, we provide a causal …, profitability, and R&D expenditure all decline within trade-exposed firms. The trade-induced contraction along all margins of …
Persistent link: https://www.econbiz.de/10012455801
In the past two decades, China's manufacturing exports have grown spectacularly, U.S. imports from China have surged … measures of trade exposure, reveal that there are significant worker-level adjustment costs to import shocks, and that …
Persistent link: https://www.econbiz.de/10012459436
instrumenting for imports using changes in Chinese imports by industry to other high-income countries. Rising exposure increases …
Persistent link: https://www.econbiz.de/10012460605
This paper integrates daytime and nighttime satellite imagery into a spatial general-equilibrium model to evaluate the returns to investments in new motorways. Our approach has particular value in developing-country settings in which granular data on economic activity are scarce. To demonstrate...
Persistent link: https://www.econbiz.de/10014468247
In recent decades, growth of overall world trade has been driven in large part by the rapid growth of trade in … intermediate inputs. Much of this input trade involves multinational firms locating input processing in their foreign affiliates … trade in intermediate inputs for further processing between parent firms and their foreign affiliates. We estimate affiliate …
Persistent link: https://www.econbiz.de/10012468975
China's emergence as a great economic power has induced an epochal shift in patterns of world trade. Simultaneously, it … has challenged much of the received empirical wisdom about how labor markets adjust to trade shocks. Alongside the … heralded consumer benefits of expanded trade are substantial adjustment costs and distributional consequences. These impacts …
Persistent link: https://www.econbiz.de/10012456766
This paper explores the geographic overlap of trade and technology shocks across local labor markets in the United … clerical occupations, is largely uncorrelated with regional exposure to trade competition from China. While the impacts of … technology are present throughout the United States, the impacts of trade tend to be more geographically concentrated, owing in …
Persistent link: https://www.econbiz.de/10012459721
.S. employment growth. We find that the increase in U.S. imports from China, which accelerated after 2000, was a major force behind …
Persistent link: https://www.econbiz.de/10012458271