Multinationals, Offshoring, and the Decline of US Manufacturing

• 成果类型: Article
• 署名作者: Boehm, Christoph E.; Flaaen, Aaron; Pandalai-Nayar, Nitya
• 署名单位: University of Texas System; University of Texas Austin; Federal Reserve System - USA; Federal Reserve System Board of Governors; National Bureau of Economic Research
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2020.103391
• 发表日期: 2020
• 关键词: multinational firms; Offshoring; Outsourcing; Manufacturing employment

摘要

We provide new facts about the role of multinationals in the decline in U.S. manufacturing employment between 1993 and 2011, using a novel microdata panel with firm-level ownership and trade information. Multinational-owned establishments displayed lower employment growth than a narrow control group and accounted for 41% of the aggregate decline. Newly multinational establishments experienced job losses, while their parent firms increased foreign input imports. We develop a model that rationalizes this behavior and bound a key elasticity with our microdata. The estimates imply that multinational offshoring was responsible for a sizable reduction in U.S. manufacturing employment. (c) 2020 Elsevier B.V. All rights reserved.