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U.S. manufacturing experienced a precipitous and historically unprecedented decline in employment in the 2000s. Many economists and other analysts - pointing to decades of statistics showing that manufacturing real (inflation-adjusted) output growth has largely kept pace with private sector real...
Persistent link: https://www.econbiz.de/10012059535
The rapid growth of offshoring has sparked a contentious debate over its impact on the U.S. manufacturing sector, which … generally are not captured in input cost and import price indexes. To assess the implications of offshoring bias for … offshoring. We find that from 1997 to 2007 average annual multifactor productivity growth in manufacturing was overstated by 0 …
Persistent link: https://www.econbiz.de/10010287999