Exploring 3D datasets: a factorial matrices analysis of the US industry in the 1980s

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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.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036840110043749

Publication date: February 15, 2002

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