Exploring 3D datasets: a factorial matrices analysis of the US industry in the 1980s |
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| Authors: | Stefano Fachin Dennis G Shea Maurizio Vichi |
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| Institution: | 1. Global Future Institute , Baton Rouge, LA 70809, USA;2. Agricultural and Applied Economics, University of Georgia , Athens, GA 30602, USA;3. Department of Agribusiness, Alabana A&4. M University, PO Box 1042 , Normal, AL 35762, USA |
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| Abstract: | In this paper a Factorial Matrices technique suitable for exploratory analysis of multivariate, disaggregated time series is presented and applied to a data set covering 19 US manufacturing industries over the years 1979 to 1990. The empirical analysis confirms that the technique is a powerful tool, allowing otherwise difficult extraction of stylized facts from multidimensional datasets. In this case: (i) there are no signs of deindustrialization induced by growing import penetration, and, (ii), employment decline has generally not been associated to substitution of capital to labour. |
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