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1、本科毕业论文外文翻译外文题目：Industrialstructureandeconomicstability出处：Appliedeconomicletters作者：SherrillShaffer原文：Motivatedbypriorresultspredictingcontrastinglinkagesbetweenindustrialstructureandeconomicstability,wepresentexploratoryempiricalevidenceonthisimportantissue.Consistentwiththeturnoverhypo
2、thesis,wefindthatemploymentgrewmoresteadilywherebusinessestablishmentsinallsectorswerelarger,suggestinganoffsettingbenefittothefirst-momentcostsofestablishmentsizeidentifiedbypreviousresearch.Consistentwiththejob-matchinghypothesis,wefindthatemploymentgrewmoresteadilywheremoreestablish
3、mentspercapitaoperatedinallsectors.Similarbutlessconsistentresultswerealsofoundregardingthestabilityofincomegrowth.I.IntroductionandBackgroundThefundamentalimportanceofeconomicperformancehasspawnedanextensiveliteratureontheempiricaldeterminantsofeconomicgrowth(seeRajanandZingales,1998;
4、Levineetal.,2000forprominentexamples).Onerecentdiscoveryisthatcommunitiesorlocalregionstendtoexperiencemorerapidgrowthofincomeoremploymentwherebusinessesaresmaller(Shaffer,2002,2006a,b).Aseparatestrandofresearch,meanwhile,hasdemonstratedtheimportanceofstudyingthevolatilityofgrowthrates
5、ratherthanmerelytheirmeans(RameyandRamey,1995;Kurz,2004;Ismihan,2005;Bekaertetal.,2006).Itisrelevantinthisregardthatseveralstudies(DavisandHaltiwanger,1992;Rob,1995;Davisetal.,1996)havefoundthatjobsatsmallerfirmstendtobelesspermanentthanatlargerfirms;whileIlmakunnasetal.(2005)havesugge
6、stedthatsuchturnovermayactuallybeonereasonforfasterproductivitygrowth,anunexploredimplicationisthatthevolatilityofemployment11andincomemaybehigherwherebusinessesaresmaller(the‘turnoverhypothesis’).Conversely,heterogeneityamongdecision-makersduetohumanfallibilitycanresultingreatervariab
7、ilityofeconomicperformanceinmorecentralizeddecisionprocesses(Sah,1991;SahandStiglitz,1991;AlmeidaandFerreira,2002),possiblysuggestingthatalocaleconomymayexhibitgreaterstabilitywheretheaveragefirmsaresmallerormorenumerous.Asimilaroutcomeispredictedtotheextentthat(a)centralizeddecision
