Industrial diversity and metropolitan unemployment rate

Abstract

[Abstract]:The main goal of our study is to evaluate whether or not industrial diversity helps reduce the unemployment rate of a metropolitan area. We used a data set from Japan's 118 metropolitan areas from the year 1995 and determined from our analysis that although industrial diversity might reduce the unemployment rate of a metropolitan area, it is only one of several factors and that other factors might have a stronger impact on unemployment rate. Second, it was found that for both the manufacturing and the construction industry, location quotient has a negative relationship with the unemployment rate of a metropolitan area. We also discovered that the more highly educated a metropolitan population is in terms of the percentage of graduates of institutions of higher learning, the lower will be its unemployment rate.[JEL Classification]: J6, R1, R5

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