Economic Analysis of Effects of Business Cycles on the Economy of Cities: Variations in Cyclical Employment (Paperback) (ISBN-13: 9781288929030)

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.

Author: Marie Howland
ISBN-10: 128892903X
ISBN-13: 9781288929030
Publisher: Bibliogov
Language: English
Published: 03/15/2013
Pages: 38
Format: Paperback
Weight: 0.19lbs
Size: 9.69h x 7.44w x 0.08d