Manufacturing growth and financial development: evidence from OECD countries
Article Abstract:
The relationship between the growth of the financial sector and that of the manufacturing sector was investigated. A multivariate time series model that uses an alternative measure of financial depth was utilized to examine the experiences of manufacturing firms in a sample of 13 Organization for Economic Cooperation and Development countries. Empirical results showed that the GDP of the financial sector is correlated more to total factor productivity than to GDP in the manufacturing industry.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1998
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International trade, comparative advantage and the incidence of layoff unemployment spells
Article Abstract:
A discussion on the gains and losses to production factors is based on the Stolper-Samuelson theorem. The short-term effects of trade on layoffs in the manufacturing industries are the main focus of the study. A model is developed to measure the effects of trade shocks. The comparative advantage of layoffs is also estimated in the model. Findings show layoffs to be minimally affected by trade shocks.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1995
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The missing link: technology, investment, and productivity
Article Abstract:
Variation in plant productivity patterns due mainly to plant heterogeneity were noted among more than 14,000 American manufaturing plants studied. The data, which covered the 1972-1988 period, revealed that productivity and productivity growth are influenced by plant size and industry. On the other hand, no correlation was observed between investment and productivity or productivity growth.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1998
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