This study examines the time-series behavior of investment, exports, and output in South Korea from 1956 to 1996. Impulse-response analysis and variance decompositions indicate that investment rates and export growth rates have significant short-run effects on the growth rates of per capita...

Unemployment rates differ widely and persistently across counties. This article examines equilibrium forces related to this geographic disparity with a focus on California. We show that although seasonal variation in employment can account for some of the differences, it cannot explain the total...