Solar power is a vital source of renewable energy and an essential industry for the US today and in the future. This White Paper looks at the success of the US solar module industry in investment, production growth, and record market share. Nevertheless, China still retains a chokehold on the industry through its dominance in…
According to a new CPA analysis, a Congressional five-year $1.5 trillion infrastructure investment plan could create 2.5 million jobs by 2025 while bringing sorely needed improvement to the nation’s deteriorating infrastructure. However, the analysis finds that a quarter of the spending would go on imported materials and supplies. The same infrastructure plan implemented under a…
This Working Paper examines the impact of the proposed Market Access Charge (MAC) on international capital inflows into the US economy and the domestic US economy. We build a model including the relationships between US capital flows, the dollar exchange rate, US trade, and the US domestic economy. Our conclusion is that a 5% MAC…
Editor’s Note: On Sunday June 28, CPA’s economics team presented “The Job Quality Index – A New Measure of Job Quality in the U.S. Labor Market” at the Western Economic Association International 95th Annual Conference. The Job Quality Index, developed by CPA in partnership with economists from Cornell University and the University of Missouri at Kansas City,…
CPA Working Paper By Stephen L. Byers PhD and Jeff Ferry Abstract The Coalition for a Prosperous America is introducing the new CPA Reshoring Index to track the success of US manufacturing industry in meeting domestic demand for manufactured goods. The CPA Reshoring Index (CRI) measures the annual change in the share of US consumption…
By Steven L. Byers, PhD and Jeff Ferry The US is in the midst of a public health crisis and the country is struggling with shortages of essential health care supplies. In most cases, these shortages are linked to our excessive reliance on imported supplies, which are arriving in much smaller quantities than ordered, if…
Health, Security, Economic Benefits from Reshoring By Steven L. Byers, PhD and Jeff Ferry With the spreading coronavirus pandemic, Americans are becoming increasingly aware of our dependence on foreign sources for important pharmaceuticals and other health care products. The US is dependent on China for over one third of all the antibiotics we import, and…
In October 2019, CPA’s Economics team of Jeff Ferry and Steven Byers won the NABE Mennis Award for best economics paper of the year for “Decoupling from China: an economic analysis of the impact on the US economy of a permanent tariff on Chinese imports.” CPA’s paper used an economic model to forecast that…
After the year 2000, US manufacturing employment experienced a rapid, unprecedented decline with the loss of some six million manufacturing jobs. Many commentators have described this as a normal, even healthy evolution, with workers allegedly moving into “jobs of the future” in the service sector. After the year 2000, US manufacturing employment experienced a rapid,…
This Working Paper presents the results of a CPA econometric model showing that a permanent tariff on Chinese imports would stimulate the US economy. by Jeff Ferry (Chief Economist) and Steven Byers (Senior Economist) The Coalition for a Prosperous America (CPA) has updated a prior study on the impact of permanent tariffs on all Chinese imports. Specifically, we…