P1:New England and Southern California 因为经济下行都和产生了经济衰退,导致就业率比之前降低很多
P2:两个地区经济衰退的相同之处
①相似的就业规模
②就业组成很相似但有些差异:
(服务和财政部门)
New England 大部分劳动力再服务业很少的比例在财政,保险以及固定资产部门
P3:除了这些可测量的相似,主流观点认为原因引起衰退也是相似的
New England的衰退归因于耐用品制造业的降低伴随着当地固定资产极度膨胀的循环
Southern California的就业降低主要由于国家保卫花费的降低,在相对保卫独立的地区引起大量的失业,同时经历固定资产的繁荣伴随着真实价值资产的碰撞
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
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.