| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24071 |
| 来源ID | Working Paper 24071 |
| Investment Responses to Trade Liberalization: Evidence from U.S. Industries and Plants | |
| Justin R. Pierce; Peter K. Schott | |
| 发表日期 | 2017-12-18 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper examines the effect of a change in U.S. trade policy on the domestic investment of U.S. manufacturers. Using a difference-in-differences identification strategy, we find that industries more exposed to reductions in import tariff uncertainty exhibit relative declines in investment after the change in trade policy. Within industries, we find that this relationship is concentrated among establishments with low initial levels of labor productivity, capital intensity and skill intensity. Plants with high initial levels of skill intensity, by contrast, exhibit relative increases in investment with exposure. We also find evidence that establishments' investment activity is smoother following the policy change. |
| 主题 | Macroeconomics ; Consumption and Investment ; International Economics ; Trade ; International Macroeconomics |
| URL | https://www.nber.org/papers/w24071 |
| 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/581784 |
| 推荐引用方式 GB/T 7714 | Justin R. Pierce,Peter K. Schott. Investment Responses to Trade Liberalization: Evidence from U.S. Industries and Plants. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24071.pdf（1239KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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