We argue that the US trade and industry sector has experienced several unsustainable sectoral processes, including (i) a fall in the trade balance in machinery and equipment and high-tech (HT) industries, (ii) a rise in import multipliers in machinery and equipment and HT industries, (iii) a...

Industrial policy is experiencing a major revival in the United States as policymakers and pundits of various ideological backgrounds propose ambitious new government schemes to boost innovation in a wide variety of sectors. Much of this advocacy focuses on creating detailed blueprints to...

Industrial policy is experiencing a major revival in the United States as policymakers and pundits of various ideological backgrounds propose ambitious new government schemes to boost innovation in a wide variety of sectors. Much of this advocacy focuses on creating detailed blueprints to...

In 1991 the United States International Trade Commission initiated an Industry and Trade Summary series of informational reports on products imported to, and exported from, the United States. As part of this series, analysts from the Office of Industries published a summary of the state of the...

This Written Statement presents aspects in China's corporate governance framework, state corporate ownership and control, and the Chinese Communist Party's roles in corporate governance. It was submitted as part of a testimony before the U.S.-China Economic and Security Review Commission,...

Much of the theoretical and empirical research regarding the impact of policy shifts on the economies of developing countries has tended to focus on macro-level aggregates, without adequate attention to sectoral-level dynamics. In the literature where such dynamics are emphasized, the focus has...

State incentive granting for the purpose of firm retention or recruitment remains highly controversial and is often portrayed as antithetical to long-range economic development planning. This paper uses quasi-experimental methods to measure the impact of state-level economic development...

The purpose of this working paper is to estimate the potential impact of the Made in China 2025 Green Paper on Technological Innovation in Key Areas: Technology Roadmap (2017) on integrated circuit (IC) producers in the United States (US), the European Union (EU), and Japan. We attempt to...

Using U.S. and China establishment-level data, this paper studies the dynamic interdependence in industrial activities between the U.S. and China. In a VAR framework, high birth rates of Chinese firms predict same-industry firm exits and lowered employment in the U.S., particularly in the...

The United States federal government preempted anti-competitive state and municipal telegraph regulations when the 1866 Post Roads Act was enacted. The act granted a de facto national franchise to build and operate a telegraph system anywhere in the United States to any telegraph company...