This paper investigates the impact of outsourcing on sectoral reallocation in the U.S. over the period 1948-2002. Roughly 40% of the growth of the service sector comes from professional and business services. This is an unusual industry as more than 90% of its output is an intermediate input to...

The anemic pace of the recovery of the U.S. economy from the Great Recession has frequently been blamed on heightened uncertainty, much of which concerns the nation's fiscal policy. Intuition suggests that increased policy uncertainty likely has different impacts on industries with different...

The anemic pace of the recovery of the U. S. economy from the Great Recession has frequently been blamed on heightened uncertainty, much of which concerns the nation’s fiscal policy. Intuition suggests that increased policy uncertainty likely has different impacts on different industries, to...

The input-output table of 2005 has been, together with new versions of the tables for 1995 and 2005, subjected to a traditional input-output analysis by means of the cumulated costs: the analysis of value added and intermediate imports directly and indirectly caused in the whole economy by the...

The input-output table of 2005 has been, together with new versions of the tables for 1995 and 2005, subjected to a traditional input-output analysis by means of the cumulated costs : the analysis of value added and intermediate imports directly and indirectly caused in the whole economy by the...

The anemic pace of the recovery of the U.S. economy from the Great Recession has frequently been blamed on heightened uncertainty, much of which concerns the nation's fiscal policy. Intuition suggests that increased policy uncertainty likely has different impacts on industries with different...