Industrial mix as a factor in the growth and variability of states' economies

Teresa Garcia-Milà; Therese J. McGuire

doi:10.1016/0166-0462(93)90019-B

Industrial mix as a factor in the growth and variability of states' economies

Teresa Garcia-Milà, Therese J. McGuire^*

^*Corresponding author for this work

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36 Scopus citations

Abstract

We use annual employment data for the states and the United States from 1969 to 1985 to estimate trend rates of growth and deviations from trend for the state economies. We calculate measures of growth and variability for each state that are net of the effect of the state industrial mix interacting with the national industrial growth rates and variabilities. We find great variety in the macroeconomic behavior of the regional state economies, and we present evidence that the industrial mix of an economy is one factor that helps explain differences in net growth rates and variabilities across the states.

Original language	English (US)
Pages (from-to)	731-748
Number of pages	18
Journal	Regional Science and Urban Economics
Volume	23
Issue number	6
DOIs	https://doi.org/10.1016/0166-0462(93)90019-B
State	Published - Dec 1993

ASJC Scopus subject areas

Economics and Econometrics
Urban Studies

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/0166-0462(93)90019-B

Cite this

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title = "Industrial mix as a factor in the growth and variability of states' economies",

abstract = "We use annual employment data for the states and the United States from 1969 to 1985 to estimate trend rates of growth and deviations from trend for the state economies. We calculate measures of growth and variability for each state that are net of the effect of the state industrial mix interacting with the national industrial growth rates and variabilities. We find great variety in the macroeconomic behavior of the regional state economies, and we present evidence that the industrial mix of an economy is one factor that helps explain differences in net growth rates and variabilities across the states.",

author = "Teresa Garcia-Mil{\`a} and McGuire, {Therese J.}",

note = "Funding Information: Correspondence to: Therese J. MC&ire, Institute of Government and Public Affairs, University of Illinois, 921 West Van Buren Street, Suite 230, Chicago, IL 60607, USA. *We are grateful to David Card, Bo Honor&, Alfonso Novales, Robert Porter, Mark Watson, two anonymous referees, and, in particular, Richard Rogerson and Julio Rotemberg, for suggestions and encouragement. We alone should be held responsible for any remaining inadequacies or errors in the paper. McGuire is grateful for research support received under a grant to the Institute of Government and Public Affairs from the Ameritech Foundation.",

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N2 - We use annual employment data for the states and the United States from 1969 to 1985 to estimate trend rates of growth and deviations from trend for the state economies. We calculate measures of growth and variability for each state that are net of the effect of the state industrial mix interacting with the national industrial growth rates and variabilities. We find great variety in the macroeconomic behavior of the regional state economies, and we present evidence that the industrial mix of an economy is one factor that helps explain differences in net growth rates and variabilities across the states.

AB - We use annual employment data for the states and the United States from 1969 to 1985 to estimate trend rates of growth and deviations from trend for the state economies. We calculate measures of growth and variability for each state that are net of the effect of the state industrial mix interacting with the national industrial growth rates and variabilities. We find great variety in the macroeconomic behavior of the regional state economies, and we present evidence that the industrial mix of an economy is one factor that helps explain differences in net growth rates and variabilities across the states.

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Industrial mix as a factor in the growth and variability of states' economies

Abstract

ASJC Scopus subject areas

UN SDGs

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