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One analysis also found that it contributed to Donald Trump's victory in the 2016 presidential election: "A counterfactual study of closely contested states suggests that Michigan, Wisconsin, and Pennsylvania would have elected the Democrat instead of the Republican candidate if, ceteris paribus, the growth in Chinese import penetration had ...
A main use of input–output analysis is to measure the economic impacts of events as well as public investments or programs as shown by IMPLAN and Regional Input–Output Modeling System. It is also used to identify economically related industry clusters and also so-called "key" or "target" industries (industries that are most likely to ...
An example of real GDP (y) plotted against time (x).Often time is denoted as t instead of x. The IS curve moves to the right if spending plans at any potential interest rate go up, causing the new equilibrium to have higher interest rates (i) and expansion in the "real" economy (real GDP, or Y).
President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working ...
Trump initially promised during his campaign to institute a 10-20% tariff on all imports, and as high as 60% on goods from China. Economists worry that his tariff plan will raise the prices of ...
The notion of the balance of trade does not mean that exports and imports are "in balance" with each other. If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance.
An “escalation scenario” included in the study projected that the U.S. economy would shrink by $1.6 trillion over five years if tariffs were to continue increasing. ... How Trump’s Proposed ...
Theoretical considerations alone cannot determine the balance between those benefits and the costs of volatility, and the question has had to be tackled by empirical analysis. A 2006 working paper from the International Monetary Fund offers a summary of the empirical evidence. The authors found little evidence either of the benefits of the ...