| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19339 |
| 来源ID | Working Paper 19339 |
| Global Imbalances and Structural Change in the United States | |
| Timothy J. Kehoe; Kim J. Ruhl; Joseph B. Steinberg | |
| 发表日期 | 2013-08-16 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | Since the early 1990s, as the United States borrowed heavily from the rest of the world, employment in the U.S. goods-producing sector has fallen. We construct a dynamic general equilibrium model with several mechanisms that could generate declining goods-sector employment: foreign borrowing, nonhomothetic preferences, and differential productivity growth across sectors. We find that only 15.1 percent of the decline in goods-sector employment from 1992 to 2012 stems from U.S. trade deficits; most of the decline is due to differential productivity growth. As the United States repays its debt, its trade balance will reverse, but goods-sector employment will continue to fall. |
| 主题 | Macroeconomics ; Macroeconomic Models ; International Economics ; International Finance ; Development and Growth ; Growth and Productivity |
| URL | https://www.nber.org/papers/w19339 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577014 |
| 推荐引用方式 GB/T 7714 | Timothy J. Kehoe,Kim J. Ruhl,Joseph B. Steinberg. Global Imbalances and Structural Change in the United States. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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