UID:
almafu_9958082881402883
Format:
1 online resource (25 p.)
ISBN:
1-4843-0247-8
,
1-4843-0241-9
,
1-4843-0251-6
Series Statement:
IMF Working Papers
Content:
The notable rebound of U.S. manufacturing activity following the Great Recession has raised the question of whether the sector might be experiencing a renaissance. Using panel regressions, we find that a depreciating real exchange rate, an increasing spread in natural gas prices between the United States and other G-7 countries, and in particular decreasing unit labor costs have had a positive impact on U.S. manufacturing production. While we find it unlikely for manufacturing to become a main engine of growth in the United States, we find that U.S. manufacturing exports could provide nonnegligible growth opportunities going forward.
Note:
Description based upon print version of record.
,
Cover; Contents; I. Introduction; A. Stylized Facts; B. Drivers of U.S. Manufacturing in the Short Run; C. The Energy Boom-How Much of a Pull for U.S. Manufacturing?; D. Long-Term Impact of U.S. Manufacturing; E. Concluding Thoughts; References; Figures; 1. History of Manufacturing Production; 2. The Manufacturing Rebound and Natural Gas Production; 3. Manufacturing Production in Selected Countries; Tables; 1. Panel Regression Estimates for Total Manufacturing Production; 2. Panel Regression Estimates for Long-Term Manufacturing Model
,
English
Additional Edition:
ISBN 1-4843-0182-X
Language:
English
