Prices and Wages in U.S. Manufacturing: A Factor AnalysisEconomic research study of the economic theory of inflation in the USA, presenting models for the mathematical analysis of wages and price behaviour in the manufacturing sector - comments on price controls and economic stabilization, etc., presents a factor analysis for total manufacturing and for durable consumer goods in 19 industries, and includes the research methodology. Bibliography pp. 207 to 209, references and statistical tables. |
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2Variables are unassigned 4-6 month paper A.W. Phillips accession rate Boxes indicate Change over Four coefficient compensatory pricing corporate tax rate corporate tax receipts cumulative variance explained debt/GNP defense/government expenditures demand factors dependent variable F-ratio in parentheses)¹ F₁ Factor 2 Factor Factor 3 Factor Factor 4 R2 full employment surplus GNP/potential GNP government purchases deflated government purchases/national income guidelines impact indicate the factor indirect tax rate industries inflation inflationary process inventory/sales Keynesian labor force female lagged political dummy layoff rate loading above 1.39 materials cost money GNP money illusion month paper rate negative Otto Eckstein output/previous peak percent of labor personal tax rate personal tax receipts Phillips curve price behavior price changes price equations Price Index Current profit/equity quit rate Rotated Factor Loadings SULC total employment total manufacturing ULC-SULC unassigned but included unassigned variables unborrowed reserves unemployment rate unit labor cost Wholesale Price Index WPI with WPI WPI+1