EMPLOYMENT CYCLES AND PROCESS INNOVATION IN REGIONAL STRUCTURAL CHANGE* |
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Authors: | Stephen F. Seninger |
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Abstract: | Regional employment cycles, the demand for skilled and unskilled labor, and process innovations are analyzed in the context of an industry product cycle. Employment fluctuations caused by endogenous technological change lead to spatial decentralization of production facilities through capital relocation and spatial divisions of labor. A capital investment profile suggested by the product cycle scenario is related to employment cycles. A price system for output is outlined in terms of wages and profits over the product cycle. |
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