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Globalization And Structural Change In The US Manufacturing Sector, 1987-2010

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  • Christopher E.S. WARBURTON

Abstract

This paper investigates the impact of globalization on structural changes in the US manufacturing sector. It finds that US productivity in the manufacturing sector has increased, but that the performance of the sector is highly contingent on changes in US national income. Changes in manufacturing output responds adversely to shocks that are associated with US national income and manufacturing import, but the negative effect of the income shock on US manufacturing dominates and outlasts that of the manufacturing import shock. Empirical evidence also indicates a dual-causal relationship between national income changes and employment changes in the US manufacturing sector.

Suggested Citation

  • Christopher E.S. WARBURTON, 2012. "Globalization And Structural Change In The US Manufacturing Sector, 1987-2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 12(1).
    • Handle: RePEc:eaa:aeinde:v:12:y:2012:i:1_6
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    References listed on IDEAS

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    1. Dunne, Timothy & Roberts, Mark J & Samuelson, Larry, 1989. "Plant Turnover and Gross Employment Flows in the U.S. Manufacturing Sector," Journal of Labor Economics, University of Chicago Press, vol. 7(1), pages 48-71, January.
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    3. WIJEWEERA, Albert & MOUNTER, Stuart, 2008. "A Var Analysis On The Determinants Of Fdi Inflows: The Case Of Sri Lanka," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 8(1), pages 189-198.
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    5. Neveen M. TORAYEH, 2011. "Manufactured Exports And Economic Growth In Egypt: Cointegration And Causality Analysis," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(1).
    6. Pesaran, H. Hashem & Shin, Yongcheol, 1998. "Generalized impulse response analysis in linear multivariate models," Economics Letters, Elsevier, vol. 58(1), pages 17-29, January.
    7. Robert Z. Lawrence & Matthew J. Slaughter, 1993. "International Trade and American Wages in the 1980s: Giant Sucking Sound or Small Hiccup?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(2 Microec), pages 161-226.
    8. James H. Stock & Mark W. Watson, 2001. "Vector Autoregressions," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 101-115, Fall.
    9. Jagdish N. Bhagwati, 2004. "In Defense of Globalization: It Has a Human Face," Rivista di Politica Economica, SIPI Spa, vol. 94(6), pages 9-20, November-.
    Full references (including those not matched with items on IDEAS)

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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 38. Selected Readings on World Development in journal AEID: America, 2001-2020
      by MCG Blogs de Economía in Euro-American Association: World Development on 2020-01-17 20:24:00

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    Cited by:

    1. POPKOVA, Elena, 2014. "New Prospects Of Economic Growth In Context Of Underdevelopment Whirlpools Phenomena," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 14(1), pages 5-20.
    2. Christopher E.S. WARBURTON, 2017. "International Trade And Industrial Recovery In The Usa," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 17(1), pages 5-22.
    3. Christopher E.S. WARBURTON & Richard BOOSE, 2015. "Monetary Policy, Financial Risk Mitigation And Unemployment In The United States," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 15(2), pages 81-98.
    4. Hokmollahi , Yasaman & taiebnia , Ali & Souri , Ali, 2021. "Investigating the Effect of Structural Changes and Trade Liberalization on Total Factor Productivity in Iran (1991-2018)," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 16(1), pages 71-92, March.

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    More about this item

    Keywords

    Globalization; Income Shock; Manufacturing; VAR;
    All these keywords.

    JEL classification:

    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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