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This paper reviews the main developments in U.S. trade and the balance of payments from the first years of the 19th century to the first decade of the 20th. American export trade was dominated by agricultural and other resource products long after the majority of the labor force had shifted out...
Persistent link: https://www.econbiz.de/10012474218
This paper analyzes the behavior of the current account and the exchange rate in the British economy during the 1970's, and discusses the outlook, as influenced by the availability of oil revenues, for exchange rate developments during the 1980's.Both trade and exchange rate behavior are...
Persistent link: https://www.econbiz.de/10012478822
. Adverse impacts of import competition on manufacturing employment, overall employment-population ratios, and income per capita … in more trade-exposed U.S. commuting zones are present out to 2019. Over the full study period, greater import … that the China trade shock holds lessons for other episodes of localized job loss. Import competition from China induced …
Persistent link: https://www.econbiz.de/10012660079
competition in U.S. industries. Lobbying expenditures increase as a consequence of import changes related to the China shock. The …
Persistent link: https://www.econbiz.de/10012616568
We study the growth of Chinese imports into the United States from autarky during 1950-1970 to about 15 percent of overall imports in 2008, taking advantage of the rich heterogeneity in trade policy and trade growth across products during this period. Central to our analysis is an accounting for...
Persistent link: https://www.econbiz.de/10012616570
import competition and the introduction of industrial robots. Exploiting plausibly exogenous variation in exposure across US …
Persistent link: https://www.econbiz.de/10013210076
labor unions in recent decades. We find that between 1990-2007, import competition due to the "China Shock" lowered union …
Persistent link: https://www.econbiz.de/10012696373
A new methodology is developed to determine the extent to which import competition has been responsible for labor … hypothetical assumption of no intensification or abatement of import competition from 1967-1979. The differences between the paths … of unemployment and wages so generated and the actual, historical paths are attributed to the effects of import …
Persistent link: https://www.econbiz.de/10012478064
in indicating that factors other than import competition have been primary in leading to structural shifts in employment …
Persistent link: https://www.econbiz.de/10012478683
The 'China shock' operated in part through the housing market, and that is an important reason why the China shock was as big as it was. If housing prices had not responded at all to the China shock, then the total employment effect of the China shock would have been reduced by more than...
Persistent link: https://www.econbiz.de/10012480375