Economic Analysis Of Effects Of Business Cycles On The Economy Of Cities: Geographical Differences In Plant Closings And Temporary Layoffs (Paperback) (ISBN-13: 9781288928996)

region or city's industry composition is an important determinant of the amplitude and timing of its local business cycles. Local economies comprised of cyclically sensitive industries should experience recessions that are severe relative to the nation, whereas local economies made up of cyclically stable activities should exhibit mild cycles relative to the nation.

The effects of industry mix on local cycles are clearly stated by Walter Isard (1957):

Differences in the intensity and timings of regional cycles are explained in terms of differences in the sensitivity and responsiveness of particular industries. Cycles of a regional economy are simple composites of the cyclical movement of the economy's industries appropriately weighted.

Author: U. S. Dept of Housing and Urban Developm,Marie Howland
ISBN-10: 1288928998
ISBN-13: 9781288928996
Publisher: Bibliogov
Language: English
Published: 03/15/2013
Pages: 28
Format: Paperback
Weight: 0.15lbs
Size: 9.69h x 7.44w x 0.06d