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来源类型Working Paper
规范类型报告
DOI10.3386/w30335
来源IDWorking Paper 30335
Lessons from U.S.-China Trade Relations
Lorenzo Caliendo; Fernando Parro
发表日期2022-08-08
出版年2022
语种英语
摘要We review theoretical and empirical work on the economic effects of the United States and China trade relations during the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate its effects, describe its economic effects, and analyze if this increase in trade protectionism reverted the effects of the China shock. The main lessons learned in this review are: (i) the aggregate gains from U.S.-China trade created winners and losers; (ii) China's trade expansion seems not to be the main cause of the decline in U.S. manufacturing employment during the same period; and (iii) the recent trade war generated welfare losses, had small employment effects, and was ineffective in reversing the distributional effects due to the China shock.
主题International Economics ; Trade
URLhttps://www.nber.org/papers/w30335
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/588007
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Lorenzo Caliendo,Fernando Parro. Lessons from U.S.-China Trade Relations. 2022.
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