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Schumpeterian dynamics and metropolitan-scale productivity /
Yeonwoo Lee.
imprint
Aldershot, Hants, England ; Burlington, VT, USA : Ashgate, c2003.
description
vii, 141 p. : ill. ; 23 cm.
ISBN
0754634264 (alk. paper)
format(s)
Book
Holdings
More Details
imprint
Aldershot, Hants, England ; Burlington, VT, USA : Ashgate, c2003.
isbn
0754634264 (alk. paper)
catalogue key
4875907
 
Includes bibliographical references (p. [127]-134) and index.
A Look Inside
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This item was reviewed in:
Reference & Research Book News, November 2003
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Summaries
Bowker Data Service Summary
Probing beneath the surface of net US employment dynamics Yeonwoo Lee's study explores underlying labour market dynamics and links them to indicators of economic performance at different spatial scales.
Long Description
Schumpeter first put forward the premise that the incessant turbulence of an economy in motion, carrying out new combinations of products, production methods with new technologies and the opening of new markets, is capable of explaining patterns of economic growth and change. Focusing on US industrialized urban areas, this volume tests this theory empirically.Localized employment 'churn' - registered as job creation/destruction dynamics - is used to account for variations in US metro-regional economic productivity performances during the 1986-1999 period. The results suggest that the employment turnover and replacement dynamics have large and significant positive effects on localized productivity growth independent of a variety of industrial restructuring processes occurring simultaneously. While employment churn effects are robust across US Census regions, they do not exert a uniform influence on metro-regional productivity performances across time. Until 1996, job creation and destruction dynamics often cancelled each other out as metro-regions underwent continued industrial restructuring. Since 1996, however, positive effects on metro-region productivity growth have been consistently strong. In addition to a strong positive effect on productivity of the emergence of a localized IT sector, both an expanding service sector share of regional employment and a rising public spending share of regional output exert powerful downward pressure of localized productivity growth rates.
Main Description
Schumpeter first put forward the premise that the incessant turbulence of an economy in motion, carrying out new combinations of products, production methods with new technologies and the opening of new markets, is capable of explaining patterns of economic growth and change. Focusing on US industrialized urban areas, this volume tests this theory empirically.Localized employment 'churn' registered as job creation/destruction dynamics is used to account for variations in US metro-regional economic productivity performances during the 1986-1999 period. The results suggest that the employment turnover and replacement dynamics have large and significant positive effects on localized productivity growth independent of a variety of industrial restructuring processes occurring simultaneously.
Unpaid Annotation
Schumpeter first put forward the premise that the incessant turbulence of an economy in motion, carrying out new combinations of products, production methods with new technologies and the opening of new markets, is capable of explaining patterns of economic growth and change. Focusing on US industrialized urban areas, this volume tests this theory empirically.Localized employment ‘churn’ – registered as job creation/destruction dynamics – is used to account for variations in US metro-regional economic productivity performances during the 1986-1999 period. The results suggest that the employment turnover and replacement dynamics have large and significant positive effects on localized productivity growth independent of a variety of industrial restructuring processes occurring simultaneously. While employment churn effects are robust across US Census regions, they do not exert a uniform influence on metro-regional productivity performances across time. Until 1996, job creation and destruction dynamics often cancelled each other out as metro-regions underwent continued industrial restructuring. Since 1996, however, positive effects on metro-region productivity growth have been consistently strong. In addition to a strong positive effect on productivity of the emergence of a localized IT sector, both an expanding service sector share of regional employment and a rising public spending share of regional output exert powerful downward pressure of localized productivity growth rates.
Table of Contents
List of Figuresp. vi
List of Tablesp. viii
List of Appendicesp. ix
Acknowledgementsp. x
Introductionp. 1
Metro-Scale Productivity: Theories and Evidencep. 4
City Size Theory and Empirical Evidence of Urban Productivityp. 4
Dynamic Capitalism: Theories and Evidencep. 10
Research Design, Data and Model Developmentp. 29
Dynamic Process and Longitudinal Designp. 29
Conceptual Frameworkp. 30
Data Sources, Unit of Analysis and Sample Selectionp. 32
Model Developmentp. 32
Variables and Their Measurementsp. 36
Data and Conceptual Issuesp. 43
Empirical Results and Interpretationp. 51
Analysis of Zero-Order Correlationsp. 51
Dynamic Processes in Metro-Scale Productivity Growthp. 53
Robustness Tests of Dynamic Process in Growing and Declining Regionsp. 64
Robustness Tests of Dynamic Process across U.S. Census Regionsp. 73
Locating the Emergence of Key Effects in Timep. 95
Supplemental Robustness Tests--Non-Linear Specificationp. 98
Summary and Policy Implicationsp. 101
Appendicesp. 113
Bibliographyp. 127
Indexp. 135
Table of Contents provided by Ingram. All Rights Reserved.

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