产业结构和经济稳定【外文翻译】

产业结构和经济稳定【外文翻译】

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时间:2017-07-30

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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

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