The politics and economics of offshore outsourcing

• 成果类型: Article
• 署名作者: Mankiw, N. Gregory; Swagel, Phillip
• 署名单位: Harvard University; American Enterprise Institute for Public Policy Research
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/j.jmoneco.2006.05.009
• 发表日期: 2006
• 页码: 1027-1056
• 关键词: offshore outsourcing; 2004 presidential election

摘要

This paper reviews the political uproar over offshore outsourcing connected with the release of the Economic Report of the President (ERP) in February 2004, examines the differing ways in which economists and non-economists talk about offshore outsourcing, and assesses the empirical evidence on the importance of offshore outsourcing in accounting for the weak labor market from 2001 to 2004. Even with important gaps in the data, the empirical literature is able to conclude that offshore outsourcing is unlikely to have accounted for a meaningful part of the job losses in the recent downturn or contributed much to the slow labor market rebound. The empirical evidence to date, while still tentative, actually suggests that increased employment in the overseas affiliates of US multinationals is associated with more employment in the US parent rather than less. (c) 2006 Elsevier B.V. All rights reserved.