IDEAS home Printed from https://ideas.repec.org/a/cvv/journ6/v11y2024i3-4p41-63.html

Is American manufacturing in decline?

Author

Listed:
  • Kevin L. KLIESEN
  • John A. TATOM

Abstract

This article investigates the state of American manufacturing, analyzing long-term trends in output, employment, and productivity. It challenges the narrative of decline by examining structural shifts and global competitiveness.

Suggested Citation

  • Kevin L. KLIESEN & John A. TATOM, 2024. "Is American manufacturing in decline?," Journal of Economics Bibliography, EconSciences Journals, vol. 11(3-4), pages 41-63, December.
    • Handle: RePEc:cvv:journ6:v:11:y:2024:i:3-4:p:41-63
    as

    Download full text from publisher

    File URL: https://journals.econsciences.com/index.php/JEB/article/view/2504/3254
    Download Restriction: no
    File URL: https://journals.econsciences.com/index.php/JEB/article/view/2504
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Kevin L. Kliesen & John A. Tatom, 2013. "U.S. manufacturing and the importance of international trade: it’s not what you think," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 27-50.
    2. Douglas A. Irwin, 2017. "Clashing over Commerce: A History of US Trade Policy," NBER Books, National Bureau of Economic Research, Inc, number irwi-2.
    3. Robert J. Gordon, 2016. "The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War," Economics Books, Princeton University Press, edition 1, number 10544, December.
    4. Tatom John A, 2007. "The US-China Currency Dispute: Is a Rise in the Yuan Necessary, Inevitable or Desirable?," Global Economy Journal, De Gruyter, vol. 7(3), pages 1-15, October.
    5. Michael D. Bordo & Joseph G. Haubrich, 2017. "Deep Recessions, Fast Recoveries, And Financial Crises: Evidence From The American Record," Economic Inquiry, Western Economic Association International, vol. 55(1), pages 527-541, January.
    6. William A. Strauss, 2003. "The disappearance of manufacturing?," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Jun.
    7. Richard G. Anderson & Kevin L. Kliesen, 2006. "The 1990s acceleration in labor productivity: causes and measurement," Review, Federal Reserve Bank of St. Louis, vol. 88(May), pages 181-202.
    8. Susan Houseman & Christopher Kurz & Paul Lengermann & Benjamin Mandel, 2011. "Offshoring Bias in U.S. Manufacturing," Journal of Economic Perspectives, American Economic Association, vol. 25(2), pages 111-132, Spring.
    9. David H. Autor & David Dorn & Gordon H. Hanson, 2013. "The China Syndrome: Local Labor Market Effects of Import Competition in the United States," American Economic Review, American Economic Association, vol. 103(6), pages 2121-2168, October.
    10. Justin R. Pierce & Peter K. Schott, 2016. "The Surprisingly Swift Decline of US Manufacturing Employment," American Economic Review, American Economic Association, vol. 106(7), pages 1632-1662, July.
    11. Seth G. Benzell & Laurence J. Kotlikoff & Guillermo LaGarda & Victor Yifan Ye, 2017. "Simulating Business Cash Flow Taxation," NBER Working Papers 23675, National Bureau of Economic Research, Inc.
    12. John G. Fernald & Robert E. Hall & James H. Stock & Mark W. Watson, 2017. "The Disappointing Recovery of Output after 2009," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 48(1 (Spring), pages 1-81.
    13. Lee Branstetter & Daniel Sichel, 2017. "The Case for an American Productivity Revival," Policy Briefs PB17-26, Peterson Institute for International Economics.
    14. Michael T. Owyang & Hannah Shell, 2017. "China's Economic Data: An Accurate Reflection, or Just Smoke and Mirrors?," The Regional Economist, Federal Reserve Bank of St. Louis, vol. 25(2).
    15. Edmund Phelps, 2015. "Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change," Economics Books, Princeton University Press, edition 1, volume 1, number 10058-2, December.
    16. Michael D. Bordo & Claudia Goldin & Eugene N. White, 1998. "The Defining Moment: The Great Depression and the American Economy in the Twentieth Century," NBER Books, National Bureau of Economic Research, Inc, number bord98-1.
    17. John A. Tatom, 1986. "Why has manufacturing employment declined?," Review, Federal Reserve Bank of St. Louis, issue Dec, pages 15-24.
    18. Kevin L. Kliesen & William Poole, 2000. "Agriculture outcomes and monetary policy actions: Kissin' cousins?," Review, Federal Reserve Bank of St. Louis, vol. 82(May), pages 1-12.
    19. Cliff Waldman, 2016. "The Evolving Contours of Productivity Performance and Automation Investment in U.S. Manufacturing," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 51(4), pages 213-238, October.
    20. Ryan Decker & John Haltiwanger & Ron Jarmin & Javier Miranda, 2014. "The Role of Entrepreneurship in US Job Creation and Economic Dynamism," Journal of Economic Perspectives, American Economic Association, vol. 28(3), pages 3-24, Summer.
    21. Douglas A. Irwin, 2017. "Introduction to "Clashing over Commerce: A History of US Trade Policy"," NBER Chapters, in: Clashing over Commerce: A History of US Trade Policy, pages 1-27, National Bureau of Economic Research, Inc.
    22. Tatom, John, 2007. "China currency dispute: is a rise in the yuan inevitable, necessary or desirable?," MPRA Paper 5366, University Library of Munich, Germany.
    23. repec:ucp:bkecon:9780226398969 is not listed on IDEAS
    24. Auerbach, Alan J. & Smetters, Kent (ed.), 2017. "The Economics of Tax Policy," OUP Catalogue, Oxford University Press, number 9780190619725.
    25. John A. Tatom, 1988. "The link between the value of the dollar, U.S. trade and manufacturing output: some recent evidence," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 24-37.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. is not listed on IDEAS
    2. Huang, Guan-Ying & Huang, Henry Hongren & Lee, Chun I, 2020. "Taming the dark side of asset liquidity: The role of short-term debt," International Review of Economics & Finance, Elsevier, vol. 69(C), pages 539-562.
    3. Kevin L. Kliesen & John A. Tatom, 2018. "Here’s Why U.S. Manufacturing Is Fundamentally Strong," Economic Synopses, Federal Reserve Bank of St. Louis, issue 4, pages 1-4.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kevin L. Kliesen & John A. Tatom, 2018. "Here’s Why U.S. Manufacturing Is Fundamentally Strong," Economic Synopses, Federal Reserve Bank of St. Louis, issue 4, pages 1-4.
    2. Kevin L. Kliesen & John A. Tatom, 2013. "U.S. manufacturing and the importance of international trade: it’s not what you think," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 27-50.
    3. Ian Goldin & Pantelis Koutroumpis & François Lafond & Julian Winkler, 2024. "Why Is Productivity Slowing Down?," Journal of Economic Literature, American Economic Association, vol. 62(1), pages 196-268, March.
    4. Germán Gutiérrez & Thomas Philippon, 2017. "Declining Competition and Investment in the U.S," NBER Working Papers 23583, National Bureau of Economic Research, Inc.
    5. Alexander Murray, 2017. "What Explains the Post-2004 U.S.Productivity Slowdown?," CSLS Research Reports 2017-05, Centre for the Study of Living Standards.
    6. Lorenzo Trimarchi, 2020. "Trade Policy and the China Syndrome," SERIES 05-2020, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised May 2020.
    7. Timothy F. Slaper, 2019. "Automation and Offshoring in Durable Goods Manufacturing: An Indiana Case Study," Economic Development Quarterly, , vol. 33(1), pages 19-38, February.
    8. Francesco Manaresi & Nicola Pierri, 2018. "Credit supply and productivity growth," Temi di discussione (Economic working papers) 1168, Bank of Italy, Economic Research and International Relations Area.
    9. Francesco Manaresi & Nicola Pierri, 2018. "Credit supply and productivity growth," BIS Working Papers 711, Bank for International Settlements.
    10. Xiang Ding & Teresa C. Fort & Stephen J. Redding & Peter K. Schott, 2019. "Structural Change Within Versus Across Firms: Evidence from the United States," Working Papers 2019-9, Princeton University. Economics Department..
    11. Greenland, Andrew & Ion, Mihai & Lopresti, John & Schott, Peter K., 2024. "Using equity market reactions to infer exposure to trade liberalization," Journal of International Economics, Elsevier, vol. 152(C).
    12. Teresa C. Fort & Justin R. Pierce & Peter K. Schott, 2018. "New Perspectives on the Decline of US Manufacturing Employment," Journal of Economic Perspectives, American Economic Association, vol. 32(2), pages 47-72, Spring.
    13. Blanchard, Emily & Willmann, Gerald, 2022. "Unequal gains, prolonged pain: A model of protectionist overshooting and escalation," Journal of International Economics, Elsevier, vol. 135(C).
    14. Chad Brown & Paola Conconi & Aksel Erbahar & Lorenzo Trimarchi, 2020. "Trade Protection Along Supply Chains," Working Papers ECARES 2020-52, ULB -- Universite Libre de Bruxelles.
    15. Justin R. Pierce & Peter K. Schott, 2020. "Trade Liberalization and Mortality: Evidence from US Counties," American Economic Review: Insights, American Economic Association, vol. 2(1), pages 47-64, March.
    16. Kishore Gawande & Pablo Pinto & Santiago Pinto, 2023. "Heterogeneous Districts, Interests, and Trade Policy," Working Paper 23-12, Federal Reserve Bank of Richmond.
    17. Aránzazu Guillán Montero & David Le Blanc, 2019. "Lessons for Today from Past Periods of Rapid Technological Change," Working Papers 158, United Nations, Department of Economics and Social Affairs.
    18. Haoyuan Ding & Haichao Fan & Guangyuan Guo & Guoyong Liang & Tong Qi, 2024. "Outward direct investment as a shelter from external trade policy shocks: Firm‐level investigation of the US–China trade war," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 57(4), pages 1203-1235, November.
    19. Justin Melnick, 2025. "Domestic inequality, heterogeneous redistribution, and the globalization backlash," Journal of Theoretical Politics, , vol. 37(4), pages 319-343, October.
    20. Francisco Perez‐Arce & María J. Prados, 2021. "The Decline In The U.S. Labor Force Participation Rate: A Literature Review," Journal of Economic Surveys, Wiley Blackwell, vol. 35(2), pages 615-652, April.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cvv:journ6:v:11:y:2024:i:3-4:p:41-63. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bilal KARGI (email available below). General contact details of provider: https://journals.econsciences.com/index.php/JEB .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.