Investment and employment in manufacturing in U.S. metropolitan areas 1960–1976

Varaiya, Pravin; Wiseman, Michael

doi:10.1016/0166-0462(81)90032-6

Cited by 27 publications

(13 citation statements)

References 2 publications

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“…Hence it remained a relatively unstudied entity, especially when compared to labor, and came to be regarded almost mystically as an elusive and shadowy immeasurable or a footloose class of factory owners. However, the last 5 or 6 years have seen the emergence of some first attempts to correct this empirical imbalance, as is evident in the studies of manufacturing investment by Browne, Mieszkowski, andSyron (1980) andGertler (1984a) at the state level and Varaiya and Wiseman (1981) and Luger (1986) a t the level of SMSAs. All of these studies have documented the changing geography of capital accumulation, with all but the first authors (Browne e t al., 1980) inquiring into the nature and pace of technological change revealed by capital shifts in the aggregate.…”

Section: Merlc S Gertlermentioning

confidence: 95%

Progress Report: Capital, Technology and Industry Dynamics in Regional Development

Gertler

1987

Urban Geography

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Section: Merlc S Gertlermentioning

confidence: 95%

Progress Report: Capital, Technology and Industry Dynamics in Regional Development

Gertler

1987

Urban Geography

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“…Alternative measures of the average age of capital are reported by Varaiya and Wiseman (1981) and Dixon (1985). The age profile of New England's capital stock in 1955 was not very youthful.…”

Section: Region Of Greatest Changementioning

confidence: 99%

“…Adherents of various, often competing, theoretical persuasions agree that the rate of profit and economic growth are closely related to the pace of investment and the nature of the fixed capital put in place (Borts and Stein 1964;Dixon and Thirlwall 1975;Kaldor 1970;Storper and Walker 1989;Webber 1987). The speed of regional capital formation and the age of capital stocks are also related to regional variations in productivity (Anderson 1990;Hulten and Schwab 1984;Moomaw and Williams 1989), to employment growth (Varaiya and Wiseman 1981), to…”

Section: Introductionmentioning

confidence: 97%

Investment, Capital Stocks and the Age of Capital in U.S. Regions

Rigby¹

1995

Growth and Change

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This paper outlines a conventional method of constructing regional capital stocks using investment and depreciation data. The method was used to estimate annual capital stocks for twenty (two-digit SIC) manufacturing industries in the nine census regions of the US. between 1955 and 1989. The novelty of the paper is the disaggregated capital stock data generated. Those data reveal that the indusmal distribution of capital is becoming increasingiy similar among regions of the U.S. They also show the familiar snowbelt-sunbelt shift of manufacturing capacity. Statistical tests establish that the redistribution of regional net capital stocks between 1955 and 1989 is significant in sixteen of twenty industries and that in ten of these sectors the most pronounced shifts in capacity occurred before the early 1970s. As investment moved away from the old manufacturing heartland, the age of capital in the mid Atlantic and east north central states increased and the age structure of capital stocks became relatively youthful in the west. Age pyramids reveal that regional variations in the age distribution of capital and the average age of capital were greater in 1989 than in 1955. Models of embodied technological change claim that the age of capital is a useful surrogate of best-practice technology.

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“…8. For comparison see Persky and Klein (1975), Olsen (1971), Borts and Stein (1964), Horiba and Kirkpatrick (1981), and Varaiya and Wiseman (1981).…”

Section: John Mckay (Private Communication) Hasmentioning

confidence: 99%

Migration and Capital

Clark

Gertler

1983

Annals of the Association of American Geographers

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Using yearly estimates of US. interstate migration and state-level capital stocks we explore the relationships between migration and capital in a time-series framework for the period 1958-1975. The analysis shows that capital growth leads in-migration for fast-growing states, although no obvious relationship is apparent for some rapidly growing areas. However, for slow-growth states the relationships are more complex and interwoven. Box-Jenkins techniques and tests of causality are utilized to describe the temporal structure of migration and capital. Finally, we offer suggestions toward reconceptualizing the labor market relations implicit in regional economic growth and, in particular, labor migration.

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Investment and employment in manufacturing in U.S. metropolitan areas 1960–1976

Cited by 27 publications

References 2 publications

Progress Report: Capital, Technology and Industry Dynamics in Regional Development

Progress Report: Capital, Technology and Industry Dynamics in Regional Development

Investment, Capital Stocks and the Age of Capital in U.S. Regions

Migration and Capital

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