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Economic Analysis of Effects of Business Cycles on the Economy of Cities
Variations in Cyclical Employment
Marie Howland
Livre broché | Anglais
21,95 €
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Description
There are wide variations in the severity with which regions experience national recessions (Borts [1960], Browne [1978], Freidenberg and Bretzfelder [1980], Gellner [1974], Howland [1979,1981], SUQ and Rush (1975]). This paper presents and tests an econometric model to explain these cross-regional differences in cyclical behavior. The model, based on export base theory, is tested with state-level data from the five post-World War II recessions between 1950 and 1975. The findings suggest that cross-state differences in the industry mix of exports, capital-labor ratios, age of manufacturing capital stocks, levels of unemployment insurance benefits, unionization of labor forces, and multiplier impacts on the residentiary sector of the economy explain cross-state differences in the severity of state recessions.
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Parties prenantes
- Auteur(s) :
- Editeur:
Contenu
- Nombre de pages :
- 38
- Langue:
- Anglais
Caractéristiques
- EAN:
- 9781288929030
- Date de parution :
- 15-03-13
- Format:
- Livre broché
- Format numérique:
- Trade paperback (VS)
- Dimensions :
- 189 mm x 246 mm
- Poids :
- 86 g
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