Trade Protectionism and US Manufacturing Employment / Chunding Li, Jing Wang, John Whalley.

Format:

Book

Author/Creator:

Li, Chunding.

Contributor:

National Bureau of Economic Research.

Wang, Jing.

Whalley, John.

Series:

Working Paper Series (National Bureau of Economic Research) no. w25860.

NBER working paper series no. w25860

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2019.

Summary:

This paper uses a numerical global general equilibrium model to simulate the possible effects of US initiated trade protection measures on US manufacturing employment. The simulation results show that US trade protection measures do not increase but will instead reduce manufacturing employment, and US losses will further increase if trade partners take retaliatory measures. The mechanism is that although the substitution effects between domestic and foreign goods have positive impacts, the substitution effects between manufacturing and service sectors and the retaliatory effects both have negative influences, therefore the whole effect is that the US will lose manufacturing employment.

Notes:

Print version record

May 2019.