Manufacturing Establishments Reclassified Into New Industries


Book Description

Establishment reclassification occurs when an establishment classified in one industry in one year is reclassified into another industry in another year. Because of survey design rules at the Census Bureau these reclassifications occur systematically over time, and affect the industry-level time series of output and employment. The evidence shows that reclassified establishments occur most often in two distinct years over the life of a sample panel. Switches are not only numerous in these years, they also contribute significantly to measured industry change in industry output and employment. The problem is that reclassifications are not necessarily processed in the year that they occur. The survey rules restrict most change to certain years. The effect of these rules is evidenced by looking at the variance across industry growth rates which increases greatly in these two years. Whatever the reason for reclassifying an establishment, the way the switches are processed raises the possibility of measurement errors in the industry level statistics. Researchers and policymakers relying upon observations in annual changes in industry statistics should be aware of these systematic discontinuities, discrepancies and potential data distortions.
















LBOs, Debt and R&D Intensity


Book Description

This paper deals with the impact on R&D intensity for firms undergoing a leveage buyout (LBO). We develop seven hypothesis.







Highest Stage Of The Development Of Capitalism In The United States And Its Effects On The American Family, Volume III, Book I, 1960 To 1980


Book Description

For 10,000 years before any European immigrants arrived on the North American Continent, Native American Indians engaged in a communal lifestyle. From 1600 to 1791, American Colonists established a thriving home production economy, and having ownership of their tools, or means of production, they produced everything they needed to survive. They were self-reliant, and the American Colonists sold their excess goods to merchants, who resold them for a profit. By 1791, the merchants were able to start the first textile factories as a result, which brought an abrupt end to the home production economy, and the beginning of American Capitalism. Former independent colonists were now forced into the textile factory, and the first wage contract appeared in America. The wage contract also set in motion a contradiction between the capitalist owners of the means of production and the new American Working Class. The wage contract allowed the owners of working class labor, and the instruments of production, to evolve into an American Ruling Class, and the producers of all commodities and wealth became the American Working Class People wage-workers class. Because of their divergent interests, the two classes formed a class contradiction, and the latter became known as the capitalist American Ruling Class Opposite and the American Working Class Opposite (People) wage-workers. This development occurred mainly in the northern factory economy, while in the South, uncompensated African Slave Labor was dominant, which was owned by an American Slaveholding Class. By 1860, the contradiction between the capitalist American Ruling Class Opposite owner of the wage labor system came into a head-on contradiction with uncompensated African Slave Labor, and a bloody Civil War was fought to determine which type of means of production would prevail and dominate during the 20th Century? The South was defeated, and the wage contract system became nationalized. Therefore, throughout the twentieth Century, including the beginning of the new Millennium, the capitalist American Ruling Class Opposite expropriated the labor’s product of the American Working Class Opposite (People) wage-workers, which resulted in this class accumulation of multiple-billions of dollars of Surplus-Value, and simultaneously this loss translated into the American Working Class Opposite (People) wage-workers’ increasing alienation, estrangement, loss self-identity, self-expression, and freedom.




The Canada Year Book


Book Description




Understanding Business Dynamics


Book Description

The U.S. economy is highly dynamic: businesses open and close, workers switch jobs and start new enterprises, and innovative technologies redefine the workplace and enhance productivity. With globalization markets have also become more interconnected. Measuring business activity in this rapidly evolving environment increasingly requires tracking complex interactions among firms, establishments, employers, and employees. Understanding Business Dynamics presents strategies for improving the accuracy, timeliness, coverage, and integration of data that are used in constructing aggregate economic statistics, as well as in microlevel analyses of topics ranging from job creation and destruction and firm entry and exit to innovation and productivity. This book offers recommendations that could be enacted by federal statistical agencies to modernize the measurement of business dynamics, particularly the production of information on small and young firms that can have a disproportionately large impact in rapidly expanding economic sectors. It also outlines the need for effective coordination of existing survey and administrative data sources, which is essential to improving the depth and coverage of business data.