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. This Economic Commentary explores the relationship between productivity and employment and points out why this apparently …
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We find that technology's effect on employment varies greatly across manufacturing industries. Some industries exhibit … a temporary reduction in employment in response to a permanent increase in TFP, whereas far more industries exhibit an … employment increase in response to a permanent TFP shock. This raises serious questions about existing work that finds that a …
Persistent link: https://www.econbiz.de/10005512284
The share of employment in manufacturing as well as the relative price of manufactures has declined sharply over the … unable to account for the entire decline in employment over this period, we expand the model to allow for manufactured … explain the decline in relative employment in the 1990s. However, larger errors in the 1970s remain unexplained. …
Persistent link: https://www.econbiz.de/10005514429
The Chicago Fed convened a series of conferences in 2003–04 to address the following three questions: What are the long-term underlying trends in manufacturing and have they fundamentally changed in recent years? Second, is the poor performance of recent years a transitory phenomenon? And,...
Persistent link: https://www.econbiz.de/10005427943
competition. …
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competition. …
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. North Carolina's furniture manufacturers are adapting to the emergence of global competition and are developing new …
Persistent link: https://www.econbiz.de/10004993996
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