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The US Economic Model at Y2K : Lodestar for Advanced Capitalism?
Freeman, Richard B. - 2000
to be the peak capitalist economy in the new information economy. This paper develops criterion for judging peak status … workers, continued full employment will greatly strengthen the case for the US as peak economy. But with anything less than … full employment the US economy will lose its luster. Even if this occurs, however, the US record in employing women and …
Persistent link: https://www.econbiz.de/10012470993
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Spatial Structural Change
Eckert, Fabian; Peters, Michael - National Bureau of Economic Research - 2022
Between 1880 and 1920, the US agricultural employment share fell from 50% to 25%. However, despite aggregate demand shifting away from their sector of specialization, rural labor markets saw faster wage growth and industrialization than non-agricultural parts of the US. We propose a spatial...
Persistent link: https://www.econbiz.de/10013388845
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Entrepreneurship During the COVID-19 Pandemic : Evidence from the Business Formation Statistics
Haltiwanger, John C. - National Bureau of Economic Research - 2021
Applications for new businesses from the U.S. Census Bureau's monthly and weekly Business Formation Statistics (BFS) fell substantially in the early stages of the pandemic but then surged in the second half of 2020. This surge has continued through May 2021. The pace of applications since...
Persistent link: https://www.econbiz.de/10012585396
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Industry Structure, Segmentation, and Competition in the U.S. Hotel Industry
Butters, R. Andrew - 2019
This paper investigates how increases in concentration can be interrupted or reversed by changes in how firms compete on quality. We examine the U.S. hotel industry during the past half century. We document that starting in the early 1980s, quality competition came more in the form of costs that...
Persistent link: https://www.econbiz.de/10012480523
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Urban Specialisation : from Sectoral to Functional
Gervais, Antoine; Markusen, James R.; Venables, Anthony - National Bureau of Economic Research - 2021
The comparative advantage of many cities is based on their efficiency in the production of 'functions', e.g., business services such as finance, law, engineering, or similar functions that are used by firms in a wide range of sectors. Firms that use these functions may choose to source them...
Persistent link: https://www.econbiz.de/10012482570
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A Factor Analysis of Bond Risk Premia
Ludvigson, Sydney C. - 2009
macro economy. Using a panel of 131 monthly macroeconomic time series for the sample 1964:1-2007:12, we estimate 8 static …
Persistent link: https://www.econbiz.de/10012463461
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Public Policy in an AI Economy
Goolsbee, Austan - 2018
This paper considers the role of policy in an AI-intensive economy (interpreting AI broadly). It emphasizes the speed …
Persistent link: https://www.econbiz.de/10012453067
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Illuminating the Effects of the US-China Tariff War on China's Economy
Chor, Davin; Li, Bingjing - National Bureau of Economic Research - 2021
How much has the US-China tariff war impacted economic outcomes in China? We address this question using high-frequency night lights data, together with measures of the trade exposure of fine grid locations constructed from Chinese firms' geo-coordinates. Exploiting within-grid variation over...
Persistent link: https://www.econbiz.de/10012660027
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Interest Rate Skewness and Biased Beliefs
Bauer, Michael D.; Chernov, Mikhail - National Bureau of Economic Research - 2021
Conditional yield skewness is an important summary statistic of the state of the economy. It exhibits pronounced …
Persistent link: https://www.econbiz.de/10012585438
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Tracking Weekly State-Level Economic Conditions
Baumeister, Christiane; Leiva-Leon, Danilo; Sims, Eric R. - National Bureau of Economic Research - 2021
allows us to gauge the overall weakness of the U.S. economy. We also illustrate the usefulness of these state-level indices …
Persistent link: https://www.econbiz.de/10012599293