Sectoral Sources of the Massachusetts Miracle and Other Turning Points
AbstractPrevious analyses of the Massachusetts Miracle and the subsequent evolution of employment in the area have centered in part on sectoral explanations. In this paper these explanations are evaluated with the use of a sectoral-based VAR model of the Boston economy, developed to identify local and national sectoral shocks. The relative importance of these shocks is estimated both for the overall sample and at several turning points in aggregate Boston employment, the latter using historical decompostions. Copyright 2001 Blackwell Publishers
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Journal of Regional Science.
Volume (Year): 41 (2001)
Issue (Month): 4 ()
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-4146
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- Michael T. Owyang & Jeremy M. Piger & Howard J. Wall, 2010.
"Discordant city employment cycles,"
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- Michael Owyang & Jeremy Piger & Howard Wall, 2011. "Discordant City Employment Cycles," ERSA conference papers ersa11p1525, European Regional Science Association.
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- Michael Fratantoni & Scott Schuh, 2000. "Monetary policy, housing investment, and heterogeneous regional markets," Working Papers 00-1, Federal Reserve Bank of Boston.
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