HOW DID EXCHANGE RATES AFFECT EMPLOYMENT IN U.S. CITIES?
We estimate the effects of exchange rate on U.S. employment, exploiting differences in industrial composition across major cities. We find that a 1% depreciation of export-weighted real exchange rate has a positive 0.98% direct effect on manufacturing employment. Its indirect effect on local nonmanu...
| Publicado en: | Contemporary Economic Policy Vol. 34; no. 4; pp. 678 - 698 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Oct2016
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=117745660&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 117745660 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10743529 CEY jtl: Contemporary Economic Policy issn: 10743529 maglogo: Y pubinfo: dt: Oct2016 vid: 34 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 117745660 10.1111/coep.12159 ppf: 678 ppct: 20 formats: fmt: – @attributes: type: T – @attributes: type: P size: 249KB tig: atl: HOW DID EXCHANGE RATES AFFECT EMPLOYMENT IN U.S. CITIES? aug: au: Huang, Haifang Tang, Yao affil: Department of Economics, University of Alberta, Edmonton AB, T6G 2H4, Canada Department of Economics, Bowdoin College, Brunswick ME, 04011‐8497 su: United States Unemployment Manufacturing industries Externalities Employment Foreign exchange rates Depreciation sug: subj: Unemployment Manufacturing industries Externalities Employment United States Foreign exchange rates Depreciation ab: We estimate the effects of exchange rate on U.S. employment, exploiting differences in industrial composition across major cities. We find that a 1% depreciation of export-weighted real exchange rate has a positive 0.98% direct effect on manufacturing employment. Its indirect effect on local nonmanufacturing employment rises with the size of the local manufacturing sector, consistent with the hypothesis that there exists a local spillover from the tradable to the nontradable sector. In cities with heavy concentration of manufacturing employment, the indirect effect is statistically significant and about 60% as large as the direct effect measured by the number of jobs. ( JEL F3, F1, J2) pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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