On the comparative advantage of U.S. manufacturing: Evidence from the shale gas revolution
首次实证发现页岩气革命导致美国天然气价格大幅低于全球，使美国制造业出口因能源密集度增长约6%，并在集约和扩展边际上均有体现。
This paper provides the first empirical evidence of the newly found comparative advantage of the United States manufacturing sector following the so-called shale gas revolution. The revolution has led to (very) large and persistent differences in the price of natural gas between the United States and the rest of the world owing to the physics of natural gas. Results show that U.S. manufacturing exports have grown by about 6 percent on account of their energy intensity since the onset of the shale revolution. We also document that the U.S. shale revolution is operating both at the intensive and extensive margins.