285 南加州和英格兰
P1:NE 1 year prior to the 1990 national recession. SC recession the same time with the national one. Both areas employment rate fell more sharply than national level
P2: same trait 1.economies nearly same size NE has more workforce in services and smaller percentage in finance, insurance etc.(SC more in these fields)
P3: 2. cause of downturns is similar durable manufacturing
P4:policy
285-----这几段主要是指出两个地方的similarities
生词:boom-bust大起大落
----背景----
1990 national recessions produced particularly severe in NE (1989) and SC (1990) ----both experienced a more severe employment fell
Share some characteristics:
1. same size (total employment) +详细数据描述
2. main difference in the service and finance sectors: NE more in service and less in finance类 //sectoral composition quiet similar
3. conventional wisdom regarding to the cause is similar: manufacturing decline + boom-bust cycle in real estate
Similar characteristics = similar regional recession?
[the role of policy] <-----analysists
后文将讨论政策在其中的影响
285.南加州和新英格兰
P1 - The recent economic downturn produced severe regional session in New England and Southern California.
P2 - The two regional recessions share some characteristics.
1/ Same size in employment and the composition is similar.
2/ At peak, New England had a greater % of workforce in services and a smaller % in the finance, insurance and real estate sector
P3 - The cause of the downturns is similar.
N.E.: declines in manufacturing(PC industry) + real estate boom - bust
S.C.: declines in national defense spending + real estate boom - bust
P4 - The analysis explores and examines the role of policy in preventing regional economics downturns.
1.recession in New England + Southern California: employment% fell>national employment% fell
2.share some characteristics: size
-prior: peak
-composition:main difference: service+finance; other similar;
-cause similar: durable manufacturing+real estate
3.similar phenomena? explore question + role of policy in reducing recession