Showing papers on "Negative relationship published in 1975"
TL;DR: In this article, the impact of interregional industrial movement on the subregions which supply the mobile firms was investigated and it was found that the impact is most severe where these subregional economies are highly integrated.
Abstract: Lever W. F. (1975) Mobile industry and levels of integration in subregional economic structures, Reg. Studies 9, 265–278. The paper seeks to assess the impact of interregional industrial movement on the subregions which supply the mobile firms hypothesizing that the impact is most severe where these subregional economies are highly integrated. Using Census of Production data and graph theory an empirical measure of the probable level integration is developed. A rank correlation test indicates a significant negative relationship between the level of economic integration in the sixty-two subregions and the propensity to export mobile employment. Only the West Midlands region with its integrated economies and high levels of employment export appears not to conform to this general relationship.
9 citations
Posted Content•
TL;DR: In a recent article as discussed by the authors, Ross and Wachter argued that in an economy consisting of a competitive sector and a partially noncompetitive sector, there should be a positive relationship between the long run unemployment rate and the long-run inflation rate if that inflation rate is positive, and a negative relationship if the inflation rate was negative.
Abstract: In a recent article in this Review, Stephen Ross and Michael Wachter (R-W) have argued that in an economy consisting of a competitive sector and a partially noncompetitive sector, there should be a positive relationship between the long-run unemployment rate and the long-run inflation rate if that inflation rate is positive, and a negative relationship if the inflation rate is negative. The purposes of this comment are: 1) to point out that this relationship is not the necessary result of the introduction of noncompetitive elements as is claimed by the authors, but depends instead upon the rather curious use of the planning horizon attributed to the R-W noncompetitive firms; and 2) the model faces serious problems with regard to the existence and attainment of stable equilibrium and the congruence of its predictions with past experience. R-W construct an economy consisting of two sectors. The competitive sector is characterized by nominal wages and prices which can continuously change and a real wage which is fixed. Firms in the noncompetitive sector are capable of changing wages wa and prices pa independently but choose to do so only at regular intervals. Given the perceived market structure facing the noncompetitive firms a choice of
4 citations