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- W2802988898 abstract "There is a widespread view that American manufacturing is in decline. This view reflects many factors. First, real GDP growth during the current business expansion has been the weakest in the post-World War II period. Second, over the decade from 2000 to 2010 manufacturing employment declined by about 6 million. Third, persistent manufacturing trade deficits have led many observers to conclude that U.S. competitiveness has eroded. This paper discusses these arguments and suggests that, instead, U.S. manufacturing is a leading growth sector and has remained strongly competitive internationally. We show that traditional domestic economic forces adequately explain recent trends in U.S. manufacturing output and employment growth. The recent reduction in the corporate income tax rate may further boost the fortunes of the U.S. manufacturing sector, although this favorable development could be offset by a more restrictive international trade regime." @default.
- W2802988898 created "2018-05-17" @default.
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- W2802988898 date "2018-05-03" @default.
- W2802988898 modified "2023-09-23" @default.
- W2802988898 title "Is American manufacturing in decline?" @default.
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- W2802988898 doi "https://doi.org/10.1057/s11369-018-0072-6" @default.
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