Desindustrialización y desaceleración de la productividad en Estados Unidos

Abstract

After the Golden Age, the US economy has suffered a speed-up in its deindustrialisation process and a productivity slowdown. This study examines the link between the two processes according to a cumulative causation framework. Our results show that the speed-up of deindustrialisation can be explained by an exogenous increase in labour productivity growth in the manufacturing sector and the negative impact on output growth in manufacturing that stems from the rise of import penetration. As a result, the speed-up of the deindustrialisation process has helped to countervail the slowdown in aggregate labour productivity growt

Keywords

• deindustrialisation
• cumulative causation
• labour productivity growth
• US economy.