This paper examines the behavior of business fixed investment in the United States in the 1980s. A background discussion of the long-term behavior of the components of business fixed investment is provided, setting the context for the empirical analysis. A standard neoclassical model of business...

This paper reviews the decline in the U.S. steel industry during the past three decades and relates this decline to changes in the industry`s international competitive position. The paper also provides a review of trade policy in the area of steel since the late 1960s, and concludes that the...