Interindustry Complementaries and the Business Cycle

产业间互补和经济周期

• 批准号: 9320935
• 负责人: John Shea
• 金额: $ 6.81万
• 依托单位: University of Wisconsin-Madison
• 依托单位国家: 美国
• 项目类别: Continuing Grant
• 财政年份: 1994
• 资助国家: 美国
• 起止时间: 1994-07-01 至 1997-06-30
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=9320935&HistoricalAwards=false
• 关键词: Interindustry; Complementaries; Business; Cycle

9320935 Shea This research will investigate the source of comovements across various industries at business cycle frequencies. The important fact about business cycles in the United States is that different industries tend to experience expansions and contractions at the same time. Most industries do well simultaneously during a boom; conversely, most industries do poorly simultaneously during a recession. There are two potential explanations for such interindustry comovements. One explanation is that different industries tend to experience similar shocks.The second explanation is the existence of linkages or complementarities connecting different industries to each other. This research seeks to determine which types of complementarity, if any have been important sources of interindustry comovements in the postwar United States.The strategy adopted in the study is to compare the predictions of various linkage models to the actual pattern of employment and output comovement among one hundred and twenty six US manufacturing industries during the postwar period. The results from this study will help reveal the channels by which shocks are transmitted across sectors of the economy, and further our understanding of the causes of business cycles. ***

9320935 SHEA这项研究将调查商业周期频率各个行业的整个行业的合并来源。关于美国商业周期的重要事实是，不同的行业倾向于同时经历扩张和收缩。在繁荣时期，大多数行业同时表现出色。相反，大多数行业在经济衰退期间同时做得很差。此类工业共同努力有两个潜在的解释。 一种解释是，不同的行业倾向于经历类似的冲击。第二个解释是将不同行业彼此联系起来的联系或互补性的存在。 这项研究旨在确定战后美国工业间合并的重要来源，研究中采用的策略是将各种连锁模型的预测与大战后一百二十六十六个美国制造业的实际模式进行比较。这项研究的结果将有助于揭示跨经济领域传播冲击的渠道，并进一步了解商业周期的原因。 ***