Net Exports and the Avoidance of High Unemployment During Reconversion, 1945-1947
成果类型：
Article
署名作者：
Central Michigan University
刊物名称：
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN：
0022-0507
DOI：
10.1017/S0022050711001598
发表日期：
2011
页码：
444-454
关键词：
摘要：
While economists predicted a return to double-digit unemployment rates during the reconversion from World War II, this outcome did not materialize. This article explores the role that the significant rise in net exports-which accounted for nearly 4 percent of GDP in 1946 and 1947-played in helping the United States avoid a postwar unemployment problem. Using an input-output analysis, we find that the export surplus directly accounted for 1.33 million jobs in 1946 and 1.97 million jobs in 1947. This accounts for close to half of the gains to private sector employment during these years.