Exports and industrial growth: a new framework and evidence

Article Abstract:

Export-related inputs contributed significantly to the increase of total manufacturing output in the US from 1971-1987. During this period, growth of export-related inputs accounted for 45% of total output growth while non-export-related input growth comprised merely 9%, with significant disparities existing among the industries. Such finding indicates that exports will remain an integral part of most manufacturing industries.

International trade, Exports, Industrial development, Industrialization

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Young's increasing returns, the factory system and Kaldor's admonition

Article Abstract:

The incapacity to utilize the factory system in agriculture restricts the extent of boosting returns in manufacturing. Boosting returns in manufacturing combined with a trend of cumulative growth necessitate a continued introduction of exogenous technological innovation in agriculture. Nicholas Georgescu-Roegen's study of the factory system is utilized to prove how an expanded market allows the rising returns in manufacturing.

Economic Statistics & Research, Economic conditions, Economic development, Agricultural research

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Employment persistence and wage setting in the Greek labour market

Article Abstract:

The adjustment costs in companies' decision making, because of institutional and technological limitations, may be the primary explanation for the delayed response of employment, or unemployment, to shifts in the economic environment. The study focused on the behavior of employment and real wages in the Greek manufacturing industry during the period of 1954 to 1993.

Jobs & Employment, Greece, Employment

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