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Preface | ||
Acknowledgements | ||
Overview and Summary | 1 | |
Overview | 1 | |
Background | 5 | |
Contents | 6 | |
1 | Exports and American Competitiveness | 11 |
Data Profile | 12 | |
Why Are Exports Important? | 19 | |
So Are Some Export Patterns Better Than Others? | 24 | |
Are Sales from Overseas Affiliates Just as Good? | 25 | |
Important Caveats and Distinctions | 28 | |
2 | Characterizing US Export Disincentives: The Issues | 31 |
Definitions and Taxonomy | 31 | |
Archetypical US XDs | 33 | |
Further Distinctions | 41 | |
Summing Up XDs: Additionality and Avoidability | 47 | |
Additionality and Offsets: Some Illustrations | 50 | |
3 | The Commentators' Catalog of US Export Disincentives | 55 |
Consensus XDs | 56 | |
Controversial XDs | 59 | |
Neglected XDs | 63 | |
4 | Estimates and Issues from Numerical Approaches | 69 |
Numerical Estimates from Previous Studies | 70 | |
Generic Order-of-Magnitude Estimates from Numerical Simulations | 71 | |
A Notoriously Inscrutable Illustration: Officially Supported Export Credits | 86 | |
Avoidability, Additionality, and the Numerical Approaches | 90 | |
5 | Estimates and Issues from Econometric Approaches | 91 |
The Approaches in General and Antecedents | 91 | |
Approach No. 1: Demand-Constricting XDs and US Export Variation across Trading Partners | 92 | |
Approach No. 2: Cost-Inflicting XDs across 50 States | 106 | |
Avoidability, Additionality, and the Econometric Approaches | 119 | |
Summing Up the Sizing-Up Calculations | 120 | |
6 | Sizing Up the Export Disincentives Enterprise and the Policy Options | 125 |
The Size and Range of US Export Disincentives | 126 | |
Policy Implications | 132 | |
Was the Enterprise Worthwhile? | 137 | |
Appendix A "Calibration Counterfactual": Approaches to Simulating Export Disincentives Numerically | 139 | |
Appendix B Gravity Models of Export Variation Across Trading Partners | 147 | |
Appendix C Generalized Factor Endowments Models of Export Variation Across Trading Regions | 151 | |
References | 163 | |
Index | 175 |
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