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Keywords:Industries 

Journal Article
The nature and significance of intra-industry trade

In this article, Roy Ruffin gives an overview of intra-industry trade for the generalist. Intra-industry trade represents international trade within industries rather than between industries. Such trade is more beneficial than inter-industry trade because it stimulates innovation and exploits economies of scale. Moreover, since productive factors do not switch from one industry to another, but only within industries, intra-industry trade is less disruptive than inter-industry trade.
Economic and Financial Policy Review , Issue Q IV , Pages 2-9

Journal Article
Evaluating recent trends in capital formation

Quarterly Review , Volume 14 , Issue Aut , Pages 7-19

Journal Article
Industrial restructuring in the New York metropolitan area

The author analyzes the industrial restructuring process in the New York metropolitan area in the first half of the 1990s. To measure the extent of restructuring, he reviews estimates of permanent job losses of metropolitan workers, mass layoff announcements in the region, and net job changes by industry. The analysis shows that a significant part of the area's recent restructuring reflects a continuation of the long-term trend away from manufacturing toward a service-oriented economy. This shift, while broadly in line with nationwide trends, has been somewhat more intense in the metropolitan ...
Economic Policy Review , Volume 3 , Issue Feb , Pages 61-74

Working Paper
State government effects on the spatial distribution of inward foreign direct investment

In a recent review of the literature, Wasylenko (1981) concluded that taxes have very little effect on interregional business location decisions. The present study examines the impact of state taxes and incentive programs on the spatial distribution of inward foreign direct investment in manufacturing. The results reveal that taxes, which were measured in various ways, deter foreign direct investment. Conversely, states providing tax incentives, financial assistance, and employment assistance tended to have larger numbers of foreign direct investments.
Working Papers , Paper 1987-007

Conference Paper
Party realignments and the growth of federal economic regulation, 1861-1986

Proceedings

Journal Article
Union concessions in the 1980s

Quarterly Review , Volume 14 , Issue Sum , Pages 44-58

Working Paper
Industry restructuring and export performance: evidence on the transition in Hungary

Robust and numerous small and medium-size enterprises (SMEs) are a hallmark of the market economy and development of these firms is an integral part of the structural transformation of the economies of East-Central Europe (ECE). Data for Hungary on changes in the size distribution of firms and their importance for output and employment indicates that industry restructuring is taking place. One measure of the success of restructuring is export performance. That is, increased exports by those industries undergoing restructuring suggests that the process is creating firms that are successfully ...
International Finance Discussion Papers , Paper 445

Journal Article
Prices in industry

FRBSF Economic Letter

Discussion Paper
Exchange rate pass-through into U.K. import prices: evidence from disaggregated data

In this paper we estimate the rate of exchange rate pass-through (ERPT) into U.K. import prices using disaggregated data at the SITC-2 and SITC-3 digit levels. We show that the ERPT varies at the disaggregate level. Because of this heterogeneity at the disaggregate level, the estimate of the ERPT using aggregate data is found substantially upward-biased in our U.K. data. The upward bias exaggerates the impact of exchange rate movements on the competitiveness of imported goods relative to domestically produced goods. Further, we investigate the source of the heterogeneity of the ERPT at the ...
Staff Papers , Issue June

Working Paper
Investment, cash flow, and sunk costs

Working Paper Series, Macroeconomic Issues , Paper 93-4

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