Suchergebnisse

ABSTRACT  This article examines the current economic status of the areas surrounding major U.S. container ports. We define a "port district" as the geographic area within a 7.5‐mile radius of a port. Our sample includes the 10 largest container ports in the U.S. We find that when we compare port districts to their surrounding metropolitan areas, household unemployment and poverty rates are significantly higher in port districts. Thus, the same ports that serve as "economic engines" for the region and nation may be the cause of economic decline and deterioration in the immediate areas that surround them. This presents a challenge for policy makers who want to preserve the benefits of international trade while facing increasing opposition to port expansion by local communities.

This paper examines relevant data sources and develops a methodology based on available data in order to estimate the level of employment for a region that is linked to exports of goods and services. The methodology allows for the estimation of direct and indirect export‐related employment at the 2‐digit SIC industry level. In addition, the paper describes how the direction of regional trade can be estimated, and how regional employment linked to exports to major trading partners can be calculated. This methodology is then applied using data from the Southern California region. Tables with estimates of total regional export‐linked employment (by industry) and the regional employment associated with exports to each of the region's top 10 export trading partners are included. The usefulness of this type of database with regard to economic policy is discussed, as well as regional economic implications of the current economic crisis in Asia. (JEL F16, R15, R58, R23)

This paper contributes to the literature on labor market dynamics in four ways. First, unlike most of the existing literature, it uses the Survey of Income and Program Participation (SIPP). This panel survey, with a 32‐month window of observation, allows a more precise measure of employment flows than other data sources. It was found that one out of three workers experiences a job transition during the observation period. Second, it focuses on the state of California during an economic cycle. According to these estimates, the net decline in employment represents just 2.6 percent of all job rotations (separations offset by accessions), and gross job flows were as important during the downturn as they were during the economic expansion. Third, it estimates gross flows by sector, and finds significant variation in gross flows relative to employment across sectors of economic activity. Fourth, it examines the coexistence of cyclical and structural changes of California in the early 1990s. The results suggest a labor market link between structural changes and economic cycles.

In the early 1970s, Emile Benoit shocked development economists by presenting positive cross-country correlations between military expenditure rates and economic growth rates in less developed countries (LDCs). This article reviews the long debate that has followed. While the studies surveyed here differ widely in method and focus, the empirical results point to similar conclusions. First, efforts at re-estimating Benoit's correlation coefficients for different samples and different time periods all fail to reproduce Benoit's results. Second, while some studies uncover evidence of positive effects of military spending through human capital formation and technological "spin-off" effects, models that allow military spending to affect growth through multiple channels find that, while military spending may stimulate growth through some channels, it retards it through others, and the net effect is negative. The most important negative effect is that higher military spending reduces national saving rates, thereby reducing rates of capital accumulation. The existence of positive effects of military spending on economic growth, as conjectured by Benoit, still cannot be ruled out. However, the recent econometric evidence points to the conclusion that these positive effects, if they exist, are small relative to the negative effects, and that, overall, military spending has a weak but adverse impact on economic growth in developing countries.