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Trends in U.S. International Trade and Investment since World War II

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  • William H. Branson

Abstract

This paper presents and analyzes the data on the trends in United States international trade and investment since World War II. From this data we can perceive a shrinking United States fraction of manufacturing output and exports, a return to and strengthening of lines of comparative advantage, and balanced and rapid growth in long-term investment. We can also see increasing volatility of trade and long-term investment in the 1970s, along with a real depreciation of 25 percent in the weighted United States exchange rate.

Suggested Citation

  • William H. Branson, 1980. "Trends in U.S. International Trade and Investment since World War II," NBER Working Papers 0469, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:0469
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    1. Branson, William H. & Halttunen, Hannu & Masson, Paul, 1977. "Exchange rates in the short run: The dollar-dentschemark rate," European Economic Review, Elsevier, vol. 10(3), pages 303-324.
    2. Raymond Vernon, 1966. "International Investment and International Trade in the Product Cycle," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(2), pages 190-207.
    3. Herbert Giersch, 1979. "Aspects of growth, structural change, and employment A schumpeterian perspective," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 115(4), pages 629-652, December.
    4. Gary Hufbauer, 1970. "The Impact of National Characteristics & Technology on the Commodity Composition of Trade in Manufactured Goods," NBER Chapters, in: The Technology Factor in International Trade, pages 145-231, National Bureau of Economic Research, Inc.
    5. Peter B. Kenen, 1965. "Nature, Capital, and Trade," Journal of Political Economy, University of Chicago Press, vol. 73(5), pages 437-437.
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    Cited by:

    1. William H. Branson, 1981. "The OPEC Surplus and U.S.-LDC Trade," NBER Working Papers 0791, National Bureau of Economic Research, Inc.
    2. Laurence J. Kotlikoff & Edward E. Leamer & Jeffrey Sachs, 1981. "The International Economics of Transitional Growth: The Case of the United States," NBER Working Papers 0773, National Bureau of Economic Research, Inc.
    3. William H. Branson, 1981. "Macroeconomic Determinants of Real Exchange Rates," NBER Working Papers 0801, National Bureau of Economic Research, Inc.
    4. Fernando Fajnzylber, 1989. "Growth and Equity via Austerity and Competitiveness," The ANNALS of the American Academy of Political and Social Science, , vol. 505(1), pages 80-91, September.

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