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Regional employment dynamics

Author

Listed:
  • Keith Sill

Abstract

There is a widespread belief that different geographic regions of the U.S. respond differently to economic shocks, perhaps because of factors such as differences in the composition of regional output, adjustment costs, or other frictions. The author investigates the comovement of regional employment series using a common features framework. Little evidence is found to suggest that regions move synchronously; rather, it takes about three quarters before regions respond in a similar fashion to a common shock. The author identifies leading and lagging regions. None of the regional employment series appears to share a common, synchronous cycle with aggregate U.S. employment.

Suggested Citation

  • Keith Sill, 1997. "Regional employment dynamics," Working Papers 97-28, Federal Reserve Bank of Philadelphia.
    • Handle: RePEc:fip:fedpwp:97-28
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/working-papers/1997/wp97-28.pdf
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    Citations

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    Cited by:

    1. Stefano Magrini & Margherita Gerolimetto & Hasan Engin Duran, 2011. "Understanding the lead/lag structure among regional business cycles," Working Papers 2011_06, Department of Economics, University of Venice "Ca' Foscari".
    2. David D. Selover & Roderick V. Jensen & John Kroll, 2005. "Mode‐Locking and Regional Business Cycle Synchronization," Journal of Regional Science, Wiley Blackwell, vol. 45(4), pages 703-745, November.
    3. David C Maré & Wai Kin Choy, 2001. "Regional Labour Market Adjustment and the Movements of People: A Review," Treasury Working Paper Series 01/08, New Zealand Treasury.
    4. Hasan Engin Duran & Alexandra Ferreira-Lopes, 2017. "Determinants of co-movement and of lead and lag behavior of business cycles in the Eurozone," International Review of Applied Economics, Taylor & Francis Journals, vol. 31(2), pages 255-282, March.
    5. Igor Esteban Zuccardi Huertas, 2002. "Los ciclos económicos regionales en Colombia, 1986-2000," Documentos de trabajo sobre Economía Regional y Urbana 25, Banco de la Republica de Colombia.
    6. 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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