From the Editor

Charles Steindel

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This issue's lead paper is "Is American Manufacturing in Decline," by Kevin Kliesen and John Tatom. The authors' answer is a decided "no." A spotlight on the number of workers employed in manufacturing is misleading: thanks to productivity gains, real output in manufacturing has kept pace with the rest of the economy. While aggregate GDP growth has been low in this expansion, focusing on manufacturing can give a misleading indication of the sector's longer-term resiliency. Even taking an international perspective, U.S. manufacturing looks reasonably positioned: Excluding China, U.S. factory output has grown at least as fast as the rest of the industrial world over the last generation. Of course, Chinese manufacturing output has grown much more rapidly than the U.S.—most visibly here in the form of ubiquitous imports. Kliesen and Tatom, though, note that the growth of Chinese exports to the U.S. seems to be gradually cooling off; moreover, they produce statistical evidence that imports are typically positives for U.S. production, quite likely since a large share of them are essential inputs to domestic output. This paper was the winner of the first Daniel Meckstroth Award for Excellence in Manufacturing Research.

机译：该期的主要论文是Kevin Kliesen和John Tatom撰写的“美国制造业正在下降”。作者的答案是确定的“否”。对制造业中雇用的工人数量的关注引起误解：由于生产率的提高，制造业的实际产出与经济的其他部分保持同步。尽管在此扩张中GDP总增长一直很低，但将重点放在制造业上可能会误导该行业的长期弹性。即使从国际角度来看，美国的制造业看起来也处于合理的位置：除中国外，美国的工厂产出在上一代产品中的增长至少与其他工业领域一样快。当然，中国制造业产出的增长速度比美国快得多，在这里最明显的是无处不在的进口形式。克莱森（Kliesen）和托莫（Tatom）指出，中国对美出口的增长似乎正在逐渐冷却。此外，它们提供了统计证据，证明进口通常对美国的生产是积极的，因为很可能其中很大一部分是对国内产出的重要投入。该论文获得了首个丹尼尔·梅克斯卓斯（Daniel Meckstroth）制造研究卓越奖。

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《Business Economics》 |2018年第3期|105-106|共2页
作者
Charles Steindel;
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Ramapo College of New Jersey, Mahwah, NJ, USA;

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