Regional implications of the 2001 recession
Abstract This paper investigates the 2001 recession on a state by state basis. The approach used for this investigation measured the state by state severity of the 2001 recession and identifies the contribution that each state made to the overall U.S. GDP Okun gap. State by state long-term growth rates for both output and employment were calculated and an “Okun gap contribution” for the 2001–2005 period was estimated for each state. Each state’s Okun gap contribution for output and employment was expressed in relative terms allowing for comparisons of volatility between states with respect to the 2001 recession. Finally, for both output and employment regressions were estimated using the relative Okun gap contribution as the dependent variable and selected demographic and economic measures as explanatory variables to explain the state and regional differences in cyclical performance. The results of the regression analysis provide insight into the factors that tend to increase state and regional cyclical volatility and the factors that tend to smooth volatility..
| Medienart: |
Artikel |
|---|
| Erscheinungsjahr: |
2008 |
|---|---|
| Erschienen: |
2008 |
| Enthalten in: |
Zur Gesamtaufnahme - volume:43 |
|---|---|
| Enthalten in: |
The annals of regional science - 43(2008), 2 vom: 10. Apr., Seite 491-507 |
| Sprache: |
Englisch |
|---|
| Beteiligte Personen: |
Connaughton, John E. [VerfasserIn] |
|---|
| Links: |
Volltext [lizenzpflichtig] |
|---|
| Anmerkungen: |
© Springer-Verlag 2008 |
|---|
| doi: |
10.1007/s00168-008-0224-0 |
|---|
| funding: |
|
|---|---|
| Förderinstitution / Projekttitel: |
|
| PPN (Katalog-ID): |
OLC2061243037 |
|---|
| LEADER | 01000caa a22002652 4500 | ||
|---|---|---|---|
| 001 | OLC2061243037 | ||
| 003 | DE-627 | ||
| 005 | 20230401073012.0 | ||
| 007 | tu | ||
| 008 | 200820s2008 xx ||||| 00| ||eng c | ||
| 024 | 7 | |a 10.1007/s00168-008-0224-0 |2 doi | |
| 035 | |a (DE-627)OLC2061243037 | ||
| 035 | |a (DE-He213)s00168-008-0224-0-p | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rakwb | ||
| 041 | |a eng | ||
| 082 | 0 | 4 | |a 710 |a 333.7 |q VZ |
| 082 | 0 | 4 | |a 500 |q VZ |
| 084 | |a 14 |2 ssgn | ||
| 100 | 1 | |a Connaughton, John E. |e verfasserin |4 aut | |
| 245 | 1 | 0 | |a Regional implications of the 2001 recession |
| 264 | 1 | |c 2008 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a ohne Hilfsmittel zu benutzen |b n |2 rdamedia | ||
| 338 | |a Band |b nc |2 rdacarrier | ||
| 500 | |a © Springer-Verlag 2008 | ||
| 520 | |a Abstract This paper investigates the 2001 recession on a state by state basis. The approach used for this investigation measured the state by state severity of the 2001 recession and identifies the contribution that each state made to the overall U.S. GDP Okun gap. State by state long-term growth rates for both output and employment were calculated and an “Okun gap contribution” for the 2001–2005 period was estimated for each state. Each state’s Okun gap contribution for output and employment was expressed in relative terms allowing for comparisons of volatility between states with respect to the 2001 recession. Finally, for both output and employment regressions were estimated using the relative Okun gap contribution as the dependent variable and selected demographic and economic measures as explanatory variables to explain the state and regional differences in cyclical performance. The results of the regression analysis provide insight into the factors that tend to increase state and regional cyclical volatility and the factors that tend to smooth volatility. | ||
| 700 | 1 | |a Madsen, Ronald A. |4 aut | |
| 773 | 0 | 8 | |i Enthalten in |t The annals of regional science |d Springer-Verlag, 1967 |g 43(2008), 2 vom: 10. Apr., Seite 491-507 |w (DE-627)129849847 |w (DE-600)280074-3 |w (DE-576)015148394 |x 0570-1864 |7 nnns |
| 773 | 1 | 8 | |g volume:43 |g year:2008 |g number:2 |g day:10 |g month:04 |g pages:491-507 |
| 856 | 4 | 1 | |u https://doi.org/10.1007/s00168-008-0224-0 |z lizenzpflichtig |3 Volltext |
| 912 | |a GBV_USEFLAG_A | ||
| 912 | |a SYSFLAG_A | ||
| 912 | |a GBV_OLC | ||
| 912 | |a SSG-OLC-ARC | ||
| 912 | |a SSG-OLC-PHY | ||
| 912 | |a SSG-OLC-CHE | ||
| 912 | |a SSG-OLC-GEO | ||
| 912 | |a SSG-OLC-WIW | ||
| 912 | |a SSG-OPC-GGO | ||
| 912 | |a GBV_ILN_11 | ||
| 912 | |a GBV_ILN_21 | ||
| 912 | |a GBV_ILN_22 | ||
| 912 | |a GBV_ILN_24 | ||
| 912 | |a GBV_ILN_26 | ||
| 912 | |a GBV_ILN_62 | ||
| 912 | |a GBV_ILN_63 | ||
| 912 | |a GBV_ILN_70 | ||
| 912 | |a GBV_ILN_2006 | ||
| 912 | |a GBV_ILN_2009 | ||
| 912 | |a GBV_ILN_2014 | ||
| 912 | |a GBV_ILN_2015 | ||
| 912 | |a GBV_ILN_2018 | ||
| 912 | |a GBV_ILN_2315 | ||
| 912 | |a GBV_ILN_4012 | ||
| 912 | |a GBV_ILN_4103 | ||
| 912 | |a GBV_ILN_4126 | ||
| 912 | |a GBV_ILN_4277 | ||
| 951 | |a AR | ||
| 952 | |d 43 |j 2008 |e 2 |b 10 |c 04 |h 491-507 | ||