Wheeler, Christopher H. (contributor) - 2005
systematically with the business cycle (e.g. layoffs tend to be
countercyclical; quits are somewhat procyclical - see Bleakley et al … by including the influence
of two local business cycle measures on the likelihood of an industry change.
8
The number of …’s business cycle in year t: aggregate
county/metropolitan area employment growth and the unemployment rate, both measured
in the …