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Production Sectors (production + sector)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting50%
Humanities and Social Sciences33%

Selected Abstracts

The Effects of Foreign Price Uncertainty on Australian Production and Trade,

THE ECONOMIC RECORD, Issue 273 2010
ELIE APPELBAUM
This article provides an empirical analysis of the impact of uncertain international prices on Australia's production sector and international trade. We model the movement of traded goods prices via a generalised autoregressive conditional heteroskedasticity model and embed this within an expected utility maximising model of the production sector. The empirical results are consistent with expected utility maximisation and the hypothesis of risk neutrality is soundly rejected. Estimates of the effects of changes in expected prices and volatility of traded goods prices upon production decisions and the return to capital are discussed. The conclusion is that price uncertainty matters for the Australian production sector. [source]

An examination of employment change in Northern Ireland's environmental industry, 1993,2003

ENVIRONMENTAL POLICY AND GOVERNANCE, Issue 4 2001
David Eastwood
An examination of employment change based upon an exploratory classification of Northern Ireland's environmental industry is undertaken. Results show that, in 1993, some 12,900 persons or around 2.1% of the total civilian employment in the region were working in a ,green production sector'. By using a range of data sources it is suggested that significant opportunities for employment expansion currently exist. Indeed, a total of between 4000 and 6000 new environmental jobs could be created in Northern Ireland by the year 2003. Most of the growth is anticipated in the traditional areas of recycling and re-use, pollution treatment and control and energy conservation. In a small and peripheral European economy these figures have important implications for the development of the local labour market. To this end, a series of recommendations is put forward that could help Northern Ireland maximize the employment potentials offered by these types of environmental activity. Copyright © 2001 John Wiley & Sons, Ltd and ERP Environment. [source]

European Integration and the Transnational Restructuring of Social Relations: The Emergence of Labour as a Regional Actor?,

JCMS: JOURNAL OF COMMON MARKET STUDIES, Issue 3 2005
ANDREAS BIELER
Informed by a neo-Gramscian perspective able to conceptualize transnational class formation, this article assesses whether European trade union organizations have developed into independent supranational actors, or whether they are merely secretariats in charge of organizing the co-operation of their national member associations. The first hypothesis is that those trade unions which organize workers in transnational production sectors, are likely to co-operate at the European level, because they have lost control over capital at the national level. Trade unions, organizing workers in domestic production sectors, may be more reluctant because their sectors still depend on national protection. The second hypothesis is that trade unions are more likely to co-operate at the European level if they perceive such an engagement as furthering their influence on policy-making in comparison with structural possibilities at the national level. Additionally, in line with the critical dimension of neo-Gramscian perspectives, it will be assessed whether European co-operation implies acceptance of neo-liberal economics, or whether unions continue to resist restructuring. [source]

Asymmetry in the link between the yield spread and industrial production: threshold effects and forecasting

JOURNAL OF FORECASTING, Issue 5 2004
Ivan Paya
Abstract We analyse the nonlinear behaviour of the information content in the spread for future real economic activity. The spread linearly predicts one-year-ahead real growth in nine industrial production sectors of the USA and four of the UK over the last 40 years. However, recent investigations on the spread,real activity relation have questioned both its linear nature and its time-invariant framework. Our in-sample empirical evidence suggests that the spread,real activity relationship exhibits asymmetries that allow for different predictive power of the spread when past spread values were above or below some threshold value. We then measure the out-of-sample forecast performance of the nonlinear model using predictive accuracy tests. The results show that significant improvement in forecasting accuracy, at least for one-step-ahead forecasts, can be obtained over the linear model. Copyright © 2004 John Wiley & Sons, Ltd. [source]

Environmental Impacts of Consumption in the European Union:High-Resolution Input-Output Tables with Detailed Environmental Extensions

JOURNAL OF INDUSTRIAL ECOLOGY, Issue 3 2006
Gjalt Huppes
Summary For developing product policy, insight into the environmental effects of products is required. But available life-cycle assessment studies (LCAs) are hardly comparable between different products and do not cover total consumption. Input-output analysis with environmental extensions (EEIOA) of full consumption is not available for the European Union. Available country studies have a low sector resolution and a limited number of environmental extensions. This study fills the gap between detailed LCA and low-resolution EEIOA, specifying the environmental effects of household consumption in the European Union, discerning nearly 500 sectors, while specifying a large number of environmental extensions. Added to the production sectors are a number of consumption activities with direct emissions, such as automobile driving, cooking and heating, and a number of postconsumer waste management sectors. The data for Europe have been constructed by using the sparse available and coarse economic and environmental data on European countries and adding technological detail mainly based on data from the United States. A small number of products score high on environmental impact per Euro and also have a substantial share of overall consumer expenditure. Several meat and dairy products, household heating, and car driving thus have a large share of the total environmental impact. Due to their sales volume, however, products with a medium or low environmental score per Euro may also have a substantial impact. This is the case with bars and restaurants, clothing, residential construction, and even a service such as telecommunications. The limitations in real European data made heroic assumptions necessary to operationalize the model. One conclusion, therefore, is that provision of data in Europe urgently needs to be improved, at least to the level of sector detail currently available for the United States and Japan. [source]