Replication data for: Demand and Defective Growth Patterns: The Role of the Tradable and Non-tradable Sectors in an Open Economy

Principal Investigator(s): View help for Principal Investigator(s) Sandile Hlatshwayo; Michael Spence

Name	File Type	Size	Last Modified
P2014_1103_data			10/11/2019 10:11:PM
LICENSE.txt	text/plain	14.6 KB	10/11/2019 06:11:PM

Project Citation:

Hlatshwayo, Sandile, and Spence, Michael. Replication data for: Demand and Defective Growth Patterns: The Role of the Tradable and Non-tradable Sectors in an Open Economy. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112785V1

Project Description

Summary: This paper examines the underlying structural elements of US growth patterns, pre- and post-crisis. Prior to the recession, the US economy exhibited a defective growth pattern driven by outsized domestic demand. As domestic aggregate demand retreats to more sustainable levels relative to total income, the tradable side of the economy is a catalyst for restoring strong growth. A structural rebalancing is already underway; although it is only a third of the economy, the tradable sector generated more than half of gross gains in value-added since the start of the recovery. However, distributional issues loom on the horizon.

Scope of Project

JEL Classification:
      E23 Macroeconomics: Production
      E32 Business Fluctuations; Cycles
      F43 Economic Growth of Open Economies
      G01 Financial Crises

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V1 [2019-10-11]

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