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Economic Analysis of Effects of Business Cycles on the Economy of Cities: Variations in Cyclical Employment

by Marie Howland
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Current price ₹1,078.00
Original price ₹1,544.00
Original price ₹1,544.00
Original price ₹1,544.00
(-30%)
₹1,078.00
Current price ₹1,078.00

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Book cover type: Paperback
  • ISBN13: 9781288929030
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Bibliogov
  • Publisher Imprint: Bibliogov
  • Publication Date:
  • Pages: 38
  • Original Price: USD 15.75
  • Language: English
  • Edition: N/A
  • Item Weight: 87 grams
  • BISAC Subject(s): General

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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