1 option
Survival of the Best Fit: Competition from Low Wage Countries and the (Uneven) Growth of US Manufacturing Plants / Andrew B. Bernard, J. Bradford Jensen, Peter K. Schott.
- Format:
- Book
- Author/Creator:
- Bernard, Andrew B.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w9170.
- NBER working paper series no. w9170
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Survival of the Best Fit Competition from Low Wage Countries and the
- Survival of the Best Fit
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2002.
- Summary:
- We examine the relationship between import competition from low wage countries and the reallocation of US manufacturing from 1977 to 1997. Both employment and output growth are slower for plants that face higher levels of low wage import competition in their industry. As a result, US manufacturing is reallocated over time towards industries that are more capital and skill intensive. Differential growth is driven by a combination of increased plant failure rates and slower growth of surviving plants. Within industries, low wage import competition has the strongest effects on the least capital and skill intensive plants. Surviving plants that switch industries move into more capital and skill intensive sectors when they face low wage competition.
- Notes:
- Print version record
- September 2002.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.