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Import competition and the great U.S. employment sag of the 2000s

Acemoglu, Daron, author

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Summary

  • Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being a prime contributor to the slump. We estimate that import competition from China, which surged after 2000, was a major force behind both recent reductions in U.S. manufacturing employment and-through input-output linkages and other general equilibrium channels-weak overall U.S. job growth. Our central estimates suggest job losses from rising Chinese import competition over 1999 through 2011 in the range of 2.0 to 2.4 million.

Notes

  • "June 2015"
  • "Submitted 17 June 2015."
  • Includes bibliographical references (pages 40-42).
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