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Comparing U.S. regions for selected economic and financial variables

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  • Edward Nissan
  • Shahdad Naghshpour

Abstract

The paper investigates patterns of differences of some key economic and financial variables among U.S. regions. The grouping of the states into regions is in accordance with the Bureau of Economic Analysis classification (New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, Far West). Two main points are explored. The first deals with descriptive statistics of the variables for the eight regions. The second is the identification of regional similarities and dissimilarities for the variables. The research methodology is a one-way analysis of variance for testing hypotheses of regional mean equality. Multiple comparison procedures are employed to find whether regions ranked the highest really differ from one another and from the remaining regions. Copyright Springer Science+Business Media, LLC 2014

Suggested Citation

  • Edward Nissan & Shahdad Naghshpour, 2014. "Comparing U.S. regions for selected economic and financial variables," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 38(3), pages 528-540, July.
    • Handle: RePEc:spr:jecfin:v:38:y:2014:i:3:p:528-540
    DOI: 10.1007/s12197-012-9241-z
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    More about this item

    Keywords

    U.S. Regions; Financial Variables; Economic Variables; R1; G1; J1;
    All these keywords.

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • G1 - Financial Economics - - General Financial Markets
    • J1 - Labor and Demographic Economics - - Demographic Economics

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