Why Are Some Industries More Cyclical Than Others?

Bruce Petersen and Steven Strongin

Journal of Business & Economic Statistics, 1996, vol. 14, issue 2, 189-98

Abstract: This paper is an empirical examination of why some industries are far more cyclical than others. Using highly disaggregate panel data, the authors examine which elements of technology and market structure appear to be most closely associated with differences in cyclicality across industries. They find that durable goods industries are approximately three times more cyclical than nondurable goods industries. Within durable goods industries, the proportion of variable and quasifixed factor inputs, market concentration, and labor hoarding appear to be important determinants of cyclical behavior. In contrast, for nondurable goods industries, the authors find little systematic relationship between cyclicality and market characteristics.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (32)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bes:jnlbes:v:14:y:1996:i:2:p:189-98

Ordering information: This journal article can be ordered from
http://www.amstat.org/publications/index.html

Access Statistics for this article

Journal of Business & Economic Statistics is currently edited by Jonathan H. Wright and Keisuke Hirano

More articles in Journal of Business & Economic Statistics from American Statistical Association
Bibliographic data for series maintained by Christopher F. Baum ().