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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Economic Analysis of Effects of Business Cycles on the Economy of Cities: Variations in Cyclical Employment

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

Howland, Marie
U. S. Dept of Housing and Urban Developme

Paperback

General Political Science

Publisher Price: $15.75

ISBN10: 128892903X
ISBN13: 9781288929030
Publisher: Bibliogov
Published: Mar 15 2013
Pages: 38
Weight: 0.19
Height: 0.08 Width: 7.44 Depth: 9.69
Language: English
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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