1 On how trade affects total factor productivity based on U.S. manufacturing firm and plant level data, see Bernard, Andrew B. and J. Bradford Jensen. Exporting and Productivity in the USA. Oxford Review of Economic Policy, vol. 20, no. 3. 2004. pp. 343-344, 350, 352, and 356. Order Code RS20210

Report:
# of Pages: 

 

CRS-2 2 Both the benefits and costs of trade derive from resources moving from less to more productive plants (intra-industry) and firms (inter-industry). Employment dislocation is the most noticeable cost, giving rise to congressional interest in TAA programs. Ibid., pp. 345 and 356.

Discover more from Congressional Resource Reports (CRS) Penny Hill Press

Subscribe now to keep reading and get access to the full archive.

Continue reading