IDEAS home Printed from https://ideas.repec.org/p/nbr/nberwo/0469.html
   My bibliography  Save this paper

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

Author

Listed:
  • 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
    Note: ITI IFM
    as

    Download full text from publisher

    File URL: http://www.nber.org/papers/w0469.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    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, Oxford University Press, 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, pages 437-437.
    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. 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.

    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. William H. Branson & Herbert Giersch & Peter G. Peterson, 1980. "Trends in United States International Trade and Investment since World War II," NBER Chapters, in: The American Economy in Transition, pages 183-274, National Bureau of Economic Research, Inc.
    2. H. Gray, 1980. "The theory of international trade among industrial Nations," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 116(3), pages 447-470, September.
    3. François Vellas, 1980. "Qualification du travail et structure du commerce extérieur français," Revue Économique, Programme National Persée, vol. 31(1), pages 34-66.
    4. Jean-Louis Mucchielli & B. Lassudrie-Duchêne, 1979. "Les échanges intra-branche et la hiérarchisation des avantages comparés dans le commerce international," Revue Économique, Programme National Persée, vol. 30(3), pages 442-486.
    5. Gulcin Elif Yucel & Ayfer Ustabas & Tugce Acar, 2022. "International Trade, Foreign Direct Investment, Financial Development and Renewable Energy Supply: Panel Data Evidence from Newly Industrialized Countries," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 8(2), pages 51-64, December.
    6. Török, Ádám & Petz, Raymund, 1999. "Kísérlet a K+F-intenzitás és az exportszerkezet közötti összefüggések vizsgálatára a magyar gazdaságban [An attempt at examining the interrelations between R-D intensity and export structure in the," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 213-230.
    7. Dosi, Giovanni & Grazzi, Marco & Moschella, Daniele, 2015. "Technology and costs in international competitiveness: From countries and sectors to firms," Research Policy, Elsevier, vol. 44(10), pages 1795-1814.
    8. Fischer, Bernhard & Herken-Krauer, Juan-Carlos & Lücke, Matthias & Nunnenkamp, Peter, 1988. "Capital-intensive industries in newly industrializing countries: the case of the Brazilian automobile and steel industries," Open Access Publications from Kiel Institute for the World Economy 411, Kiel Institute for the World Economy (IfW Kiel).
    9. Helmut Forstner, 1984. "The changing pattern of international trade in manufactures: A logit analysis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 120(1), pages 1-17, March.
    10. Das, Gouranga G., 2002. "Cross-Country Analysis of Empirical Evidences of Intra-industry Trade in Manufactures for Dynamic Asian and Other Developing Economies: Implications for Economic Growth and Development," MPRA Paper 37916, University Library of Munich, Germany, revised 2002.
    11. Lars Lundberg, 1992. "The structure of swedish international trade and specialization: “old” and “new” explanations," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 128(2), pages 266-287, June.
    12. Yusuf Bayraktutan & Hanife Bıdırdı, 2018. "Innovation and High-Tech Exports in Developed and Developing Countries," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 1-21, October.
    13. Keshari, Pradeep Kumar & Saggar, Mridul, 2013. "A firm level study of the determinants of export performance in machinery and transport equipment industry of India," MPRA Paper 47127, University Library of Munich, Germany.
    14. repec:ilo:ilowps:271281 is not listed on IDEAS
    15. Ehsan Choudhri, 1979. "The pattern of trade in individual products: A test of simple theories," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 115(1), pages 81-98, March.
    16. Nyahoho Emmanuel, 2010. "Determinants of Comparative Advantage in the International Trade of Services: An Empirical Study of the Hecksher-Ohlin Approach," Global Economy Journal, De Gruyter, vol. 10(1), pages 1-24, February.
    17. Lücke, Matthias, 1992. "Technischer Fortschritt und die Arbeitsteilung zwischen Industrie- und Entwicklungsländern: eine empirische Analyse," Open Access Publications from Kiel Institute for the World Economy 758, Kiel Institute for the World Economy (IfW Kiel).
    18. Das, Gouranga G., 2007. "Intra-Industry Trade and Development: Revisiting Theory, Measurement and New Evidences," MPRA Paper 37260, University Library of Munich, Germany, revised 01 Sep 2008.
    19. James Hartigan, 1981. "The U.S. tariff and comparative advantage: A survey of method," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 117(1), pages 65-109, March.
    20. CLAESSENS, Evrard & NAUWELAERTS, Ysabel, 1999. "Substitution versus complementarity between trade and foreign direct investments: A cover-ratio analysis of OECD countries," Working Papers 1999035, University of Antwerp, Faculty of Business and Economics.
    21. Zhang, Zhaoyong & Ow Chin Hock, 1996. "Trade interdependence and direct foreign investment between ASEAN and China," World Development, Elsevier, vol. 24(1), pages 155-170, January.

    More about this item

    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:nbr:nberwo:0469. 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: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .

    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.