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1、产业结构和经济稳定外文翻译本科毕业论文外文翻译外文题目:Industrialstructureandeconomicstability出处:Appliedeconomicletters作者:SherrillShaffer原文:Motivatedbypriorresultspredictingcontrastinglinkagesbetweenindustrialstructureandeconomicstability,wepresentexploratoryempiricalevidenceon
2、thisimportantissue.Consistentwiththeturnoverhypothesis,wefindthatemploymentgrewmoresteadilywherebusinessestablishmentsinallsectorswerelarger,suggestinganoffsettingbenefittothefirst-momentcostsofestablishmentsizeidentifiedbypreviousresearch.Consistentw
3、iththejob-matchinghypothesis,wefindthatemploymentgrewmoresteadilywheremoreestablishmentspercapitaoperatedinallsectors.Similarbutlessconsistentresultswerealsofoundregardingthestabilityofincomegrowth.IntroductionandBackgroundThefundamentalimportanceofec
4、onomicperformancehasspawnedanextensiveliteratureontheempiricaldeterminantsofeconomicgrowthseeRajanandZingales,1998;Levineetal.,2000forprominentexamples.Onerecentdiscoveryisthatcommunitiesorlocalregionstendtoexperiencemorerapidgrowthofincomeoremploymen
5、twherebusinessesaresmallerShaffer,2002,2006a,b.Aseparatestrandofresearch,meanwhile,hasdemonstratedtheimportanceofstudyingthevolatilityofgrowthratesratherthanmerelytheirmeansRameyandRamey,1995;Kurz,2004;Ismihan,2005;Bekaertetal.,2006.Itisrelevantinthis
6、regardthatseveralstudiesDavisandHaltiwanger,1992;Rob,1995;Davisetal.,1996havefoundthatjobsatsmallerfirmstendtobelesspermanentthanatlargerfirms;whileIlmakunnasetal.2005havesuggestedthatsuchturnovermayactuallybeonereasonforfasterproductivitygrowth,anune
7、xploredimplicationisthatthevolatilityofemploymentandincomemaybehigherwherebusinessesaresmallerthe‘turnoverhypothesis’.Conversely,heterogeneityamongdecision-makersduetohumanfallibilitycanresultingreatervariabilityofeconomicperformanceinmorecentralizedd
8、ecisionprocessesSah,1991;SahandStiglitz,1991;AlmeidaandFerreira,2002,possiblysuggestingthatalocaleconomymayexhibitgreaterstabilitywheretheaveragefirmsaresmallerormorenumerous.Asimilaroutcomeispredictedtotheextentthatacentralizeddecisionprocess
