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Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts

Girard  (p. 9-22)

Cooper (p. 23-32)

Kunz-Osborne (p. 33-41)

Coulmas-Law (p.42-46)

Stasio (p. 47-56)

Albert-Valette-Florence (p.57-63)

Zhang-Rauch (p. 64-70)

Alam-Yasin (p. 71-78)

Mattare-Monahan-Shah (p. 79-94)

Nonis-Hudson-Hunt (p. 95-106)

JOURNAL OF APPLIED BUSINESS AND ECONOMICS

Capacity and Employment in the Great Recession

Author(s): Piero Ferri, Anna Maria Variato

Citation: Piero Ferri, Anna Maria Variato, (2013) "Capacity and Employment in the Great Recession," Journal of Applied Business and Economics, Vol. 15, Iss. 3, pp. 91-101

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Although it is difficult to compare the present events to those of the “Great Depression”, they re-propose

two old questions: Does a fall in aggregate demand have a direct impact on the labour market? Does a

rebound in production imply a recovery in employment? The paper stresses the role of aggregate demand

and slack capacity. While spare capacity may stimulate quantity adjustment strengthening the

relationship between aggregate demand and labour performance in recession, the rebound can imply

other forces (technical and structural change). However, the peculiarity of the present recovery is better

understood within the aftermath of a financial bubble.