The competitiveness of U.S. manufacturing

Federico Diez and Gita Gopinath

No 14-3, Current Policy Perspectives from Federal Reserve Bank of Boston

Abstract: We study the competitiveness of U.S. manufacturing. For the period 1999?2012 we find little support for a significant offshoring reversal. We show that the share of domestic demand that is met by imports and the terms of trade show no signs of reversal, even in sectors dominated by imports from China. We do, however, find some evidence consistent with the U.S. shale-gas energy revolution raising the competiveness of U.S. energy-intensive sectors.

Keywords: competitiveness; reshoring; U.S. manufacturing; onshoring (search for similar items in EconPapers)
JEL-codes: F41 F62 L60 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2014-06-01
New Economics Papers: this item is included in nep-cse, nep-ene, nep-ind and nep-opm
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