Services input intensity and US manufacturing employment responses to the China shock
We present industry-level evidence that manufacturing sectors that make use of services as
inputs more intensively are more robust to shocks from import competition. Specifically, the
negative effect of the China shock on US manufacturing employment is lower for industries
with high services input intensity. Furthermore, our analysis reveals significant heterogeneity
in the impact of different types of services, which points towards a fruitful research agenda
on the role of services as a determinant of firm competitiveness.
inputs more intensively are more robust to shocks from import competition. Specifically, the
negative effect of the China shock on US manufacturing employment is lower for industries
with high services input intensity. Furthermore, our analysis reveals significant heterogeneity
in the impact of different types of services, which points towards a fruitful research agenda
on the role of services as a determinant of firm competitiveness.
Abstract
We present industry-level evidence that manufacturing sectors that make use of services as inputs more intensively are more robust to shocks from import competition. Specifically, the negative effect of the China shock on US manufacturing employment is lower for industries with high services input intensity. Furthermore, our analysis reveals significant heterogeneity in the impact of different types of services, which points towards a fruitful research agenda on the role of services as a determinant of firm competitiveness.
Springer
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