The editors of the 4% Growth Project asked Bush Growth Fellow Ike Brannon to look into 10 things that would happen if the U.S. economy...
The editors of the 4% Growth Project asked Bush Growth Fellow Ike Brannon to look into 10 things that would happen if the U.S. economy grew at 4% each year in real terms for 10 years. We will unveil one growth fact each week. To read all previous growth facts, click here. Growth Fact #4 of 10: If the economy grew at 4% per year, we would generate $260 billion in additional exports over the decade,[i] creating over 1.5 million jobs.[ii]
[i] This would benefit high-growth exporting industries (for example, technology and pharmaceutical companies, as well as a host of manufacturing companies). See Chinn, Menzie, “Incomes, Exchange Rates and the U.S. Trade Deficit, Once Again,” Center for Global, International and Regional Studies, 22 December 2002. 2010 export figures are from the CIA World Factbook.
[ii] International Trade Administration publication, “Exports Support American Jobs,” May 2010.
