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The competitiveness of U.S. manufacturing

Author

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  • Federico J. Diez
  • Gita Gopinath

Abstract

We study the competitiveness of U.S. manufacturing. For the period 1999?2012 we find little support for a significant offshoring reversal. We show that the share of domestic demand that is met by imports and the terms of trade show no signs of reversal, even in sectors dominated by imports from China. We do, however, find some evidence consistent with the U.S. shale-gas energy revolution raising the competiveness of U.S. energy-intensive sectors.

Suggested Citation

  • Federico J. Diez & Gita Gopinath, 2014. "The competitiveness of U.S. manufacturing," Current Policy Perspectives 14-3, Federal Reserve Bank of Boston.
  • Handle: RePEc:fip:fedbcq:2014_003
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    More about this item

    Keywords

    competitiveness; reshoring; U.S. manufacturing; onshoring;

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

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