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Following a couple of decades of offshoring, the fear today is of reshoring. Using administrative data on Mexican … that are more exposed to automation in the U.S. through trade fared in exports and employment outcomes. The results show … employment, nor manufacturing wage employment overall. Yet, the latter is the result of two counteracting forces. Exposure to U …
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We show that in a fully integrated economy, in which there is free mobility of goods and factors, each member’s share of total output will equal its shares of total stocks of productive factors (i.e., physical and human capital). We label this result the equal-share relationship. This...
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