The employment cycles of neighboring cities

Wall, Howard J.

doi:10.1016/j.regsciurbeco.2012.06.008

Cited by 9 publications

(5 citation statements)

References 38 publications

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“…Industrial structure, represented by employment shares of different industries, is shown to have effects on recession growth rates, and the education level of labour is related to expansion growth rates. Wall (2013) found that neighbouring cities in the U.S. interact over employment cycles, with similar employment cycles for the cities in the same state and with different employment cycles for nearby cities. The author attributed the latter to the tendency of cities in the same metropolitan area to be functionally specialised in industries according to their human capital.…”

Section: Literature Reviewmentioning

confidence: 94%

Impacts of Regional and Global Financial Crises on Employment Cycles and Industrial Structures: A Case Study of Cities in the Pearl River Delta

Zhang

Miao

2018

Asian Economic and Financial Review

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Using the Pearl River Delta in China as a case study, we found the Asian financial crisis in 1997 had more significant impacts on service sectors, whereas the 2008 global financial crisis exerted more influence on export-oriented manufacturing industries. Before the 2008 crisis, cities had been synchronising in manufacturing expansion. After the crisis, manufacturing expansion became unsynchronised, whereas service industries started to keep growing at relatively high and stable growth rates. In addition to expansion phases which are common in China, we found contraction phases of the employment cycles which were caused by the financial crises. Although most cities in the area took off with labour-intensive manufacturing at the beginning of the economic reform, the industrial structures of the area have evolved into an integrated industrial network through industrial specialisation, functional diversity and collaboration. This change is principally due to self-motivated, crisis-motivated and government-motivated industry restructuring. One characteristic of this industrial network is the complementary relationship between the central city and its surrounding areas. The former provides modern service industries for the latter. A panel model regression confirms that tertiary industries, especially high-tech and high-earning sectors, have significantly positive effects on economic growth after the global crisis. Contribution/ Originality: This study is one of very few studies which have investigated different impacts of regional and global financial crises on economic cycles and industrial structures. A Markov-switching model and other novel approaches were employed to identify contraction/expansion phases and structural changes.

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Section: Literature Reviewmentioning

confidence: 94%

Impacts of Regional and Global Financial Crises on Employment Cycles and Industrial Structures: A Case Study of Cities in the Pearl River Delta

Zhang

Miao

2018

Asian Economic and Financial Review

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“…The existing literature mainly studies the characteristics of human capital from enterprises and individuals. Wall (2013) believes that the education level of labor force is the key factor to determine a company's acceptance of new technology. [4] Hill (2012) thinks that the reason why many enterprises can't recover to the original level of development after experiencing a big external shock is the massive loss of labor force.…”

Section: Literature Reviewmentioning

confidence: 99%

The Education of Human Capital and the Development of Urban Economic Resilience

Chen¹,

He²

2020

Proceedings of the 2020 4th International Seminar on Education, Management and Social Sciences (ISEMSS 2020)

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As an important source of urban innovation, human capital is the key to enhance the resilience of urban economy. Therefore, the education of human capital plays a very important role in the development of cities. Based on the patent data of 264 prefecture level cities in China and the urban population scale of prefecture level cities in China, this paper studies the impact and mechanism of human capital education on urban economic resilience. The results show that the higher the level of human capital, the higher the level of urban economic resilience.

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“…WZ estimated UK regional Beveridge curves using county-level data and the identifying restriction that the slopes of Beveridge curves for counties in the same region are identical and shifts of the Beveridge curve within a region are common.WZ choose their regions exogenously (defined by the government) and to be geographically continuous. For the UK, geographic regions might be justified; however, proximity between MSAs in the U.S. does not necessarily guarantee similarity in the labor markets [see Wall (2013)]. Thus, the assumption of a common slope coefficient across proximate MSAs may be too strong.…”

Section: Regional Beveridge Curvesmentioning

confidence: 99%

“…1 U.S., these types of restrictions may not be optimal as geographic proximity does not guarantee that cities or states will have similar business cycle characteristics [see Owyang, Piger, and Wall (2005); Owyang, Piger, Wall, and Wheeler (2008); and Wall (2013)].…”

Section: Introductionmentioning

confidence: 99%

The Evolution of Regional Beveridge Curves

Owyang¹,

Shell²,

Soques³

2022

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The slow recovery of the labor market in the aftermath of the Great Recession highlighted mismatch, the misallocation of workers across space or across industries. We consider the historical evolution of regional mismatch. We construct MSA-level unemployment rates and vacancy data using techniques similar to Barnichon (2010) and a new dataset of online helpwanted ads by MSA. We estimate regional Beveridge curves, identifying the slopes by restricting them to be equal across locations with similar labor market characteristics. We find that the 51 U.S. cities in our sample have four groupings which are influenced by industry classification, union membership, and geographic proximity. Additionally, allowing for a structural break suggests match efficiency increased across regions after adoption of the internet.

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The employment cycles of neighboring cities

Cited by 9 publications

References 38 publications

Impacts of Regional and Global Financial Crises on Employment Cycles and Industrial Structures: A Case Study of Cities in the Pearl River Delta

Impacts of Regional and Global Financial Crises on Employment Cycles and Industrial Structures: A Case Study of Cities in the Pearl River Delta

The Education of Human Capital and the Development of Urban Economic Resilience

The Evolution of Regional Beveridge Curves

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