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A confluence of events? explaining fluctuations in local employment

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  • Gerald A. Carlino

Abstract

Jerry Carlino points out that the fortunes of local economies usually depend on a confluence of national, sectoral, and local shocks. That, in turn, raises the question: Does one type of shock systematically buffet local economies more than another? The answer has important implications for both academic researchers and policymakers. In "A Confluence of Events? Explaining Fluctuations in Local Employment," Carlino examines the evidence to see which type of shock most likely explains fluctuations in local employment

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Bibliographic Info

Article provided by Federal Reserve Bank of Philadelphia in its journal Business Review.

Volume (Year): (2003)
Issue (Month): Q1 ()
Pages: 6-12

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Handle: RePEc:fip:fedpbr:y:2003:i:q1:p:6-12

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Keywords: Employment (Economic theory);

References

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  1. Carlino, Gerald A. & DeFina, Robert H. & Sill, Keith, 2001. "Sectoral Shocks and Metropolitan Employment Growth," Journal of Urban Economics, Elsevier, vol. 50(3), pages 396-417, November.
  2. Coulson, N. Edward, 1999. "Sectoral sources of metropolitan growth," Regional Science and Urban Economics, Elsevier, vol. 29(6), pages 723-743, November.
  3. Norrbin, Stefan C. & Schlagenhauf, Don E., 1996. "The role of international factors in the business cycle: A multi-country study," Journal of International Economics, Elsevier, vol. 40(1-2), pages 85-104, February.
  4. Todd E. Clark & Kwanho Shin, 1998. "The sources of fluctuations within and across countries," Research Working Paper 98-04, Federal Reserve Bank of Kansas City.
  5. Clark, Todd E, 1998. "Employment Fluctuations in U.S. Regions and Industries: The Roles of National, Region-Specific, and Industry-Specific Shocks," Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 202-29, January.
  6. Gerald Carlino & Robert Defina, 1998. "The Differential Regional Effects Of Monetary Policy," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 572-587, November.
  7. Joseph G. Altonji & John C. Ham, 1986. "Variation in Employment Growth in Canada: The Role of External, National, Regional and Industrial Factors," NBER Working Papers 1816, National Bureau of Economic Research, Inc.
  8. Lilien, David M, 1982. "Sectoral Shifts and Cyclical Unemployment," Journal of Political Economy, University of Chicago Press, vol. 90(4), pages 777-93, August.
  9. Theodore M. Crone, 1992. "A slow recovery in the Third District: evidence from new time-series model," Business Review, Federal Reserve Bank of Philadelphia, issue Jul, pages 3-12.
  10. Eswar Prasad & Alun Thomas, 1998. "A disaggregated analysis of employment growth fluctuations in Canada," Atlantic Economic Journal, International Atlantic Economic Society, vol. 26(3), pages 274-287, September.
  11. Eswar Prasad & Tamim Bayoumi, 1996. "Currency Unions, Economic Fluctuations, and Adjustment," IMF Working Papers 96/81, International Monetary Fund.
  12. Kenneth N. Kuttner & Argia M. Sbordone, 1997. "Sources of New York employment fluctuations," Economic Policy Review, Federal Reserve Bank of New York, issue Feb, pages 21-35.
  13. Hooker, Mark A & Knetter, Michael M, 1997. "The Effects of Military Spending on Economic Activity: Evidence from State Procurement Spending," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(3), pages 400-421, August.
  14. Tamim Bayoumi & Eswar Prasad, 1997. "Currency Unions, Economic Fluctuations, and Adjustment: Some New Empirical Evidence," IMF Staff Papers, Palgrave Macmillan, vol. 44(1), pages 36-58, March.
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