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GOOD INDUSTRY (good + industry)
Selected AbstractsLONG RUN DEMAND FOR LABOUR IN THE CONSUMER GOOD INDUSTRYMETROECONOMICA, Issue 2 2006Article first published online: 24 APR 200, Ian Steedman ABSTRACT We consider, for alternative models of production, the comparative statics of constant-returns economies in long run competitive equilibrium, for which reswitching, capital-reversing and consumption-reversal are all completely absent. Notwithstanding the ,well-behaved' nature of these economies, the use of labour per unit of output in the consumer good industry is always positively related to the real wage rate. [source] Profit Margins, Adjustment Costs and the Business Cycle: An Application to Spanish Manufacturing Firms*OXFORD BULLETIN OF ECONOMICS & STATISTICS, Issue 1 2003José C. Fariñas The objective of this paper is to investigate the cyclical behaviour of mark-ups, using a panel of Spanish manufacturing firms over the period 1990,1998. Margins are estimated from the optimal conditions derived from the firm's optimisation problem, which assumes that labour inputs are subject to adjustment costs. A number of results emerge from the estimations. First, we find positive and asymmetric adjustment costs for permanent labour inputs. Second, price-cost margins are markedly procyclical. Our estimates suggest that labour adjustment costs more than double the variability of average margins with respect to Lerner indexes. Third, we find differences in the parameters of the adjustment technology across industries which make markups of intermediate and production good industries more cyclical than consumer good industries. Finally, industry-specific price-cost margins are higher in more concentrated industries. [source] LONG RUN DEMAND FOR LABOUR IN THE CONSUMER GOOD INDUSTRYMETROECONOMICA, Issue 2 2006Article first published online: 24 APR 200, Ian Steedman ABSTRACT We consider, for alternative models of production, the comparative statics of constant-returns economies in long run competitive equilibrium, for which reswitching, capital-reversing and consumption-reversal are all completely absent. Notwithstanding the ,well-behaved' nature of these economies, the use of labour per unit of output in the consumer good industry is always positively related to the real wage rate. [source] The Korean War and tourism: legacy of the war on the development of the tourism industry in South KoreaINTERNATIONAL JOURNAL OF TOURISM RESEARCH, Issue 3 2006Young-Sook Lee Abstract Although the development of tourism has been dominantly viewed and conceptualised in relation to the economic development of a region or a nation, some studies have argued that tourism fosters world peace. This argument, however, is not without some doubt for at the opposite end of the spectrum is that tourism might have a possible relationship with ,war'; the focus of this paper. This study, using qualitative research methods, traces the causes of the Korean War and its subsequent impacts upon the development of the tourism industry in South Korea. Findings indicate that the war had a significant impact upon the notion of tourism as a ,good' industry for society, which would bring benefits in the post-conflict era. Further, it created some ideas in society that purely consumptive travel is ,unpatriotic' and people should think about the interests of the nation when they travel. This paper concludes with a suggestion that future research should look into the ways in which tourism and tourists have developed where ,accumulation of capitalism' and changes in legislative moves, such as ,paid holidays' were not the initiating elements for a country's tourism development. Copyright © 2006 John Wiley & Sons, Ltd. [source] | ||||||||||