{
  "title": "The U.S. Manufacturing Recovery: Uptick or Renaissance?",
  "publication": "IMF Working Papers, February 12, 2014",
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  "summary": "The notable rebound of U.S. manufacturing activity following the Great Recession has raised the question of whether the sector might be experiencing a renaissance.",
  "sections": [
    {
      "heading": "Research scope and methodology",
      "content": "- Authors: Oya Celasun, Gabriel Di Bella, Tim Mahedy, Chris Papageorgiou\n- Date: February 12, 2014\n- Method: panel regressions\n- Pages: 24\n- Series and identifiers:\n  - Working Paper No. 2014/028\n  - Issue: 028\n  - DOI: https://doi.org/10.5089/9781484301821.001\n  - ISBN: 9781484301821\n  - ISSN: 1018-5941"
    },
    {
      "heading": "Key empirical findings",
      "content": "- The rebound of U.S. manufacturing activity following the Great Recession is analyzed using panel regressions.\n- Factors found to have a positive impact on U.S. manufacturing production:\n  - a depreciating real exchange rate\n  - an increasing spread in natural gas prices between the United States and other G-7 countries\n  - decreasing unit labor costs (highlighted as particularly influential)\n- The analysis suggests it is unlikely for manufacturing to become a main engine of growth in the United States.\n- U.S. manufacturing exports are identified as a potential source of nonnegligible growth opportunities going forward."
    },
    {
      "heading": "Subjects and topical focus",
      "content": "- Economic sectors; Financial crises; Foreign exchange; Fuel prices; Global financial crisis of 2008-2009; Labor; Labor costs; Manufacturing; Personal income; Prices; Real effective exchange rates."
    },
    {
      "heading": "Keywords and thematic elements",
      "content": "- Asia and Pacific, cost, durable and nondurable subsectors, durable goods, durable goods production, exchange rate, Fuel prices, Global, Global Financial Crisis, Global financial crisis of 2008-2009, growth, Labor costs, Manufacturing, nondurable goods, per capita income, price, production, Real effective exchange rates, shale gas, share of U.S., U.S relative, U.S. manufacturing sector, unit labor cost, WP\n\nSource: IMF Working Paper — \"The U.S. Manufacturing Recovery: Uptick or Renaissance?\", February 12, 2014.\n\n---\n\n Content in this bundle\n\n- wp1428\n  - wp1428 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp1428 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/the-u-s-41343"
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    "Authors: Oya Celasun, Gabriel Di Bella, Tim Mahedy, Chris Papageorgiou",
    "Published: February 12, 2014",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781484301821.001",
    "Authors: Oya Celasun, Gabriel Di Bella, Tim Mahedy, Chris Papageorgiou",
    "Date: February 12, 2014",
    "Method: panel regressions",
    "Pages: 24",
    "Series and identifiers:",
    "The rebound of U.S. manufacturing activity following the Great Recession is analyzed using panel regressions.",
    "Factors found to have a positive impact on U.S. manufacturing production:",
    "The analysis suggests it is unlikely for manufacturing to become a main engine of growth in the United States.",
    "U.S. manufacturing exports are identified as a potential source of nonnegligible growth opportunities going forward.",
    "Economic sectors; Financial crises; Foreign exchange; Fuel prices; Global financial crisis of 2008-2009; Labor; Labor costs; Manufacturing; Personal income; Prices; Real effective exchange rates.",
    "Asia and Pacific, cost, durable and nondurable subsectors, durable goods, durable goods production, exchange rate, Fuel prices, Global, Global Financial Crisis, Global financial crisis of 2008-2009, growth, Labor costs, Manufacturing, nondurable goods, per capita income, price, production, Real effective exchange rates, shale gas, share of U.S., U.S relative, U.S. manufacturing sector, unit labor cost, WP",
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