The Empirical Analysis of Adaptive Efficiency during the Great Recession 2008 to 2012

SummaryThis paper investigates the development of skill shortages during the period 2007-2012. Using the German Establishment Panel of the Institute for Employment Research (IAB), we find differences across the years before, during and after the Great Recession. Furthermore, we analyze the importance of firm characteristics and that of certain, specific measures with respect to the skill shortage.The empirical analysis reveals that the relative skill shortage in the service sector during the Great Recession was more substantial than before and after 2009. The opposite pattern is observed for working time accounts. Firms with a high share of female workers typically experience usually less difficulty in finding qualified employees to fill jobs. However, during the Great Recession, the opposite was observed. Young firms facing competitive pressure, high wages, and without working time accounts that did not hoard skilled workers in the past tend to skill shortage. The estimations confirm that apprenticeship and further training serve to reduce the number of unfilled, high-skill jobs. It is also helpful when the firm has developed a plan for its personnel requirements. Other measures such as retaining older workers or hiring foreign workers were not successful. Ultimately, a skill shortage within a firm is often only a short-term phenomenon and less often observed over a longer period.

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Policy Needs Politics

EU Fiscal Policy Coordination in Hard Times ◽

10.1093/oso/9780198829010.003.0004 ◽

2019 ◽

pp. 45-68

Author(s):

Charlotte Rommerskirchen

Keyword(s):

Great Recession ◽

Policy Outcomes ◽

Cross Sectional ◽

Political Factors ◽

Public Finances ◽

The Great Recession ◽

Eu Member States ◽

Country Level ◽

Level Data ◽

The Empirical Analysis

This chapter sets out to examine the determinants of fiscal policy outcomes during the Great Recession. EU members form a diverse union. What are the implications of economic and political diversity for public finances and by implication for collective action? To answer this question, this chapter analyzes time-series cross-sectional, country-level data from the twenty-seven EU member states over a three-year period (2008–10). The empirical analysis asserts that the deficit bias attributed to contemporary public finances was stronger during the Great Recession. Political factors (amongst them partisanship, the electoral calendar, and the strength of government) have shaped public finances markedly.

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Slot Revenue Growth in Nevada: An Empirical Analysis

The Journal of Gambling Business and Economics ◽

10.5750/jgbe.v12i1.1684 ◽

2019 ◽

Author(s):

Scott Boylan

Keyword(s):

Empirical Analysis ◽

Great Recession ◽

Economic Effects ◽

Efficiency Gains ◽

Market Segments ◽

Policy Makers ◽

The Great Recession ◽

Revenue Growth ◽

Time Period ◽

Performance Gains

This paper examines the economic effects of changes in technology on gaming revenue in Nevada between 1984 and 2015. Slots outperformed table games in terms or revenue growth during that time-period. The paper provides evidence that those performance gains are attributable both to increased capacity and increased efficiency. Gains attributable to increased capacity, measured by units-in-service, are indicative of successful industry efforts to tap new market segments. Gains attributable to increased efficiency, measured by revenue-per-unit, are indicative of successful industry efforts to expedite gaming productivity. Additional analysis shows that most of the growth in slot revenue occurred prior to 2002, and was primarily attributable to increased capacity. Between 2002 and 2007, revenue growth was more modest, with most of the gains attributed to improved efficiency. Finally, beginning in 2008, slots began to reflect the effects of the Great Recession, surrendering a significant portion of their revenue gains, with decreases in both capacity and efficiency. These results should be of interest to policy makers and others interested in the determinants of gaming revenue.

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Post-Great-Recession Human Migration Patterns in the U.S.: The Overlooked Impacts of Entrepreneurial Activity and Personal Freedom

American Business Review ◽

10.37625/abr.24.2.133-146 ◽

2021 ◽

Vol 24 (2) ◽

pp. 133-146

Author(s):

Richard J. Cebula

Keyword(s):

Empirical Analysis ◽

Great Recession ◽

Good Reason ◽

Human Migration ◽

Entrepreneurial Activity ◽

Migration Patterns ◽

Personal Freedom ◽

The Empirical Analysis ◽

The U.S ◽

Recession Period

Effectively no scholarly research has been published in peer-reviewed journals on the potential migration impacts of environments that are more conducive to entrepreneurship. Similarly, the potential migration impact of personal freedom also is essentially ignored in the literature. This study seeks to add to the literature by investigating the impacts of both entrepreneurial activity and personal freedom on state in-migration patterns. Using a panel dataset for the post-Great Recession period 2010-2017, the empirical analysis reveals that all three of the Kauffman indices of entrepreneurial activity are found to exercise a positive and statistically significant impact on both net in-migration and gross in-migration. In addition, the index of overall personal freedom is found to exercise a positive and statistically significant impact on both of these in-migration measures. Thus, it appears that there may be good reason for future migration studies to take such variables into account when seeking to explain, understand, and predict migration patterns in the U.S..

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