文档介绍：本科毕业论文外文翻译外文题目:Industrialstructureandeconomicstability出处:Appliedeconomicletters作者:SherrillShaffer原文:Motivatedbypriorresultspredictingcontrastinglinkagesbetweenindustrialstructureandeconomicstability,,wefindthatemploymentgrewmoresteadilywherebusinessestablishmentsinallsectorswerelarger,suggestinganoffsettingbenefittothefirst--matchinghypothesis,(seeRajanandZingales,1998;Levineetal.,2000forprominentexamples).eoremploymentwherebusinessesaresmaller(Shaffer,2002,2006a,b).Aseparatestrandofresearch,meanwhile,hasdemonstratedtheimportanceofstudyingthevolatilityofgrowthratesratherthanmerelytheirmeans(RameyandRamey,1995;Kurz,2004;Ismihan,2005;Bekaertetal.,2006).Itisrelevantinthisregardthatseveralstudies(DavisandHaltiwanger,1992;Rob,1995;Davisetal.,1996)havefoundthatjobsatsmallerfirmstendtobelesspermanentthanatlargerfirms;whileIlmakunnasetal.(2005)havesuggestedthatsuchturnovermayactuallybeonereasonforfasterproductivitygrowth,emaybehigherwherebusinessesaresmaller(the‘turnoverhypothesis’).Conversely,heterogeneityamongdecision-makersduetohumanfallibilitycanresultingreatervariabilityofeconomicperformanceinmorecentralizeddecisionprocesses(Sah,1991;SahandStiglitz,1991;AlmeidaandFerreira,2002),(a)essfulatmanagingconflictand(b)distributionalconflictsimpairefficientadjustmentstoexogenousshocks(Rodrik,1999;AlmeidaandFerreira,2002).Inviewofthesecontrastingconsiderations,animportantempiricalquestioniswhetherestablishmentsizeandothermeasuresofindustrialstr