Journal of Student Research 2014

Journal of Student Research

agreed that there has more training for employees on the production floor in the past two to three years than ever before. According to data collected from the Bureau of Labor Statistics, the results reflected an increase percentage change based on current dollars since the 4th quarter in 2008. The past two quarters in 2013 are at an ideal growth rate of 2.4 and 2.8%. Based on past growth rates, the economy is showing a healthy recovery (United States Department of Labor). This growth is based on the output of goods and services in the United States. According to the Bureau of Economic Analysis, durable goods manufactured were the largest contributor to read GDP by state in 2012 and had significant growth in 2011. Another measure that determines the impact of reshoring on the economy is the amount of exports. Since 2009, there has been an increase in exports of more than $130 billion. This increase in exports means that the current facilities are increasing their output, utilizing skilled workers to make their processes more productive, and that there are more companies in the U.S. contributing to this increase in exports. In terms of employment, since January 2009, 64,000 jobs in the durable goods segment were added (U.S. Bureau of Labor Statistics). Quantitative Results: Regression Analysis.

Equation 1 is estimated using the ordinary least squared approach. The results are shown in Table 2.

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