Economic Analysis of Effects of Business Cycles on the Economy of Cities - Variations in Cyclical Employment (Paperback)

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.

General

Imprint:	Bibliogov
Country of origin:	United States
Release date:	March 2013
First published:	March 2013
Authors:	Marie Howland
Dimensions:	246 x 189 x 2mm (L x W x T)
Format:	Paperback - Trade
Pages:	38
ISBN-13:	978-1-288-92903-0
Categories:	Books > Social sciences > Politics & government > General Promotions
LSN:	1-288-92903-X
Barcode:	9781288929030

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