On the comparative advantage of U.S. manufacturing:evidence from the shale gas revolution

Rabah Arezki and Thiemo Fetzer

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This paper provides the first empirical evidence of the newly found comparative advantage of the United States manufacturing sector following the so-called shale gas revolution. The revolution has led to (very) large and persistent differences in the price of natural gas between the United States and the rest of the world owing to the physics of natural gas. Results show that U.S. manufacturing exports have grown by about 6 percent on account of their energy intensity since the onset of the shale revolution. We also document that the U.S. shale revolution is operating both at the intensive and extensive margins.

Keywords: manufacturing; exports; energy prices; shale gas (search for similar items in EconPapers)
JEL-codes: J1 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2016-01
New Economics Papers: this item is included in nep-ene, nep-int and nep-pr~
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Downloads: (external link)
http://eprints.lse.ac.uk/66410/ Open access version. (application/pdf)

Related works:
Journal Article: On the comparative advantage of U.S. manufacturing: Evidence from the shale gas revolution (2017)
Working Paper: On the comparative advantage of U.S. manufacturing: Evidence from the shale gas revolution (2017)
Working Paper: On the comparative advantage of U.S. manufacturing: evidence from the shale gas revolution (2017)
Working Paper: On the Comparative Advantage of U.S. Manufacturing: Evidence from the Shale Gas Revolution (2016)
Working Paper: On the comparative advantage of U.S. manufacturing: evidence from the shale gas revolution (2016)
Working Paper: On the Comparative Advantage of U.S. Manufacturing: Evidence from the Shale Gas Revolution (2016)
Working Paper: On the comparative advantage of U.S. manufacturing:evidence from the shale gas revolution (2016)
Working Paper: On the Comparative Advantage of U.S. Manufacturing: Evidence from the Shale Gas Revolution (2016)
Working Paper: On the Comparative Advantage of U.S. Manufacturing: Evidence from the Shale Gas Revolution (2016)
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