The Politics and Economics of Offshore Outsourcing

N. Gregory Mankiw and Phillip Swagel

No 12398, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper reviews the political uproar over offshore outsourcing connected with the release of the Economic Report of the President (ERP) in February 2004, examines the differing ways in which economists and non-economists talk about offshore outsourcing, and assesses the empirical evidence on the importance of offshore outsourcing in accounting for the weak labor market from 2001 to 2004. Even with important gaps in the data, the empirical literature is able to conclude that offshore outsourcing is unlikely to have accounted for a meaningful part of the job losses in the recent downturn or contributed much to the slow labor market rebound. The empirical evidence to date, while still tentative, actually suggests that increased employment in the overseas affiliates of U.S. multinationals is associated with more employment in the U.S. parent rather than less.

Date: 2006-07
New Economics Papers: this item is included in nep-pol
Note: EFG ITI POL
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (150)

Published as Gregory Mankiw, N. & Swagel, Phillip, 2006. "The politics and economics of offshore outsourcing," Journal of Monetary Economics, Elsevier, vol. 53(5), pages 1027-1056, July.

Downloads: (external link)
http://www.nber.org/papers/w12398.pdf (application/pdf)

Related works:
Journal Article: The politics and economics of offshore outsourcing (2006)
Working Paper: The Politics and Economics of Offshore Outsourcing (2006)
Working Paper: The Politics and Economics of Offshore Outsourcing (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:12398

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w12398

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().