Browse

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Personal Income, Wealth, and Their Distributions x
  • Industrialization; Manufacturing and Service Industries; Choice of Technology x
  • Financial crises x
  • External sector x
Clear All Modify Search
Oya Celasun, Gabriel Di Bella, Tim Mahedy, and Mr. Chris Papageorgiou
The notable rebound of U.S. manufacturing activity following the Great Recession has raised the question of whether the sector might be experiencing a renaissance. Using panel regressions, we find that a depreciating real exchange rate, an increasing spread in natural gas prices between the United States and other G-7 countries, and in particular decreasing unit labor costs have had a positive impact on U.S. manufacturing production. While we find it unlikely for manufacturing to become a main engine of growth in the United States, we find that U.S. manufacturing exports could provide nonnegligible growth opportunities going forward.