Human Capital Management White Papers
International Trade and U.S. Productivity
Overview This paper examines the effect of international trade on U.S. productivity. The paper argues that trade can affect domestic productivity through economies-of-scale effects, competition effects, reallocation effects, and spillover effects. The paper then estimates the net impact of these effects. The results of both panel and time-series regressions of manufacturing data indicate that a decrease in the import price has a positive competition effect on manufacturing productivity growth after one to two years, and this impact is bigger when import penetration is bigger; and exporting activity by itself does not seem to promote productivity.
| Publisher | Congressional Budget Office | File Format | |
|---|---|---|---|
| Date Published | June 2003 | Downloads | 2 |
| Format | White Papers | ||
| Topics | |||
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