A recession is generally related to a decline in confidence, a decline that makes consumers less willing to spend and businesses less willing to invest and to employ workers.
There are, of course, parts of the world where our difficulties are closely related to a decline in our prestige, or to a growth in the prestige of the Soviet Union & Communist China.
In the town of Smithtown -- which has 1,400 units and 300 more in the permit stages -- the increase in condos is related to a decline in the need "for marginal commercial space," said Frank DeRubeis, planning commissioner.
In a paper from earlier this year, the economists Daron Acemoglu, of M.I.T., and Pascual Restrepo, of Boston University, studied local job markets in the United States between 1990 and 2007, and they found that the concentration of industrial robots in an area was directly related to a decline in jobs and in pay.
Leclair said 85.0% of the $2.1 billion credit charge was related to a decline in SUV and truck resale values.
An explanation for this finding might be that age by itself represents an indicator of illness severity that bundles factors such as illness duration and number of episodes which might be related to a decline in cognitive abilities.
In February, Journal Register reported fourth-quarter 2007 earnings that included a non-cash charge of $181.3 million for the impairment of assets and goodwill, mostly related to a decline in the value of its Michigan properties.
Our evidence suggests that the ex ante risk premium on the global market portfolio has dropped considerably - we show that this fall in the risk premium is related to a decline in the conditional variance of global real cash flow growth rates.
The polarization of occupations within sectors observed, especially during the recession, appears to be related to a decline in routine tasks which is compensated by an increase in occupations with non-routine service contents, which are found both in the low and high end of the wage distribution.
Whereas, in high-stakes tests, aberrant response behavior on end-of-test items is often attributed to test speededness (Bolt et al. 2002), in low-stakes tests, it is assumed that aberrant response behavior is related to a decline in test-taking effort (Wise and Kong 2005).
