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The Role of Initial Conditions in Post-Great Recession Recovery and Development: Single-County MSAs

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  • Richard V. Adkisson
  • Lawrence D. LaPlue
  • Christopher J. Sroka

Abstract

This article studies the impact of initial (circa 2009) socioeconomic conditions on post-Great Recession economic development/recovery. The units observed are 145 single-county metropolitan statistical areas in the lower 48 American states. Principal components analysis is used to construct a four-dimensional index representing economic development/recovery over 2009 to 2016. Variables in five categories—education/human capital, general socioeconomic/demographic conditions, industrial structure, public policy, and regional variables—are used to explain variation in the economic development index. The estimates indicated that approximately two thirds of the variation in post-recession economic development can be explained using only initial conditions.

Suggested Citation

  • Richard V. Adkisson & Lawrence D. LaPlue & Christopher J. Sroka, 2020. "The Role of Initial Conditions in Post-Great Recession Recovery and Development: Single-County MSAs," Economic Development Quarterly, , vol. 34(1), pages 64-77, February.
    • Handle: RePEc:sae:ecdequ:v:34:y:2020:i:1:p:64-77
    DOI: 10.1177/0891242419894375
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    References listed on IDEAS

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    Cited by:

    1. Soomi Lee & Shu Wang, 2023. "Impacts of political fragmentation on inclusive economic resilience: Examining American metropolitan areas after the Great Recession," Urban Studies, Urban Studies Journal Limited, vol. 60(1), pages 26-45, January.

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