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Keywords:Industries 

Working Paper
Perfectual signaling with imperfectly correlated costs

Working Papers , Paper 92-8

Report
The causes of rising U.S. industrial wage dispersion

Research Paper , Paper 8825

Journal Article
Industry-specific exchange rates for the United States

The trade-weighted exchange rates constructed for the aggregate U.S. economy do not always capture the changes in industry competitive conditions induced by movements in specific bilateral exchange rates. Exchange rates produced using information on industry-specific trade partners are often better suited for this task. This article constructs three industry-specific real exchange rate measures for the United States-one using export partner weights only, a second using import partner weights, and a third using an average of export and import weights by industry-and examines how they co-move ...
Economic Policy Review , Issue May , Pages 1-16

Journal Article
Economic history : High tech down south

Econ Focus , Volume 9 , Issue Sum , Pages 39-41

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
Union behavior, industry rents, and optimal policies

This paper examines the welfare gains from strategic trade and industrial policy in the U.S. steel industry, focusing particularly on the potential gains from capturing labor rents. I take into account product market distortions such as price-setting firms, factor market distortions in the form of union-created labor rents, and the presence of fixed capital and underutilized capacity in U.S. steel production. ; The existence of underutilized capacity means that firms respond to protection by reducing the share of labor in production, eliminating the rents targeted by the policy and thus ...
International Finance Discussion Papers , Paper 459

Working Paper
Patentability, industry structure, and innovation.

To qualify for a patent, an invention must be new, useful, and nonobvious. This paper presents a model of sequential innovation in which industry structure is endogenous and a standard of patentability determines the proportion of all inventions that qualify for protection. There is a unique patentability standard, or inventive step, that maximizes the rate of innovation by maximizing the number of firms engaged in R&D. Surprisingly, this standard is more stringent for industries disposed to innovate rapidly. If a single standard is applied to heterogeneous industries, it will encourage ...
Working Papers , Paper 01-13

Report
Investment and market power: evidence from the United States manufacturing sector

Research Paper , Paper 9015

Journal Article
Industrial differences in large corporation financing

Federal Reserve Bulletin , Issue Jun , Pages 623-633

Conference Paper
Path dependence in aggregate output

Proceedings , Issue Nov

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Bell, Linda A. 3 items

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