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The Linkage Between State and National Output: A Case Study of Connecticut

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  • Ahking, Francis, W.

    (University of Connecticut)

  • Pattanapancha, Maneechit

    (University of Connecticut)

Abstract

We test for the short-run and long-run relationships between the Connecticut real gross state product and the U.S. real gross domestic product using quarterly data and a number of different statistical approaches. Quarterly observations on Connecticut real gross state product are not generally available to the public and the series is one of a few such series available. This presents a unique opportunity for such research. Our results show that these two series are not cointegrated for the full sample of 1969:1 to 1995:3, but are cointegrated for a shorter sample period from 1969:1 to 1988:4. For the period from 1969:1 to 1995:3, we find unidirectional causality from the U.S. real gross domestic product to the Connecticut real gross state product.

Suggested Citation

  • Ahking, Francis, W. & Pattanapancha, Maneechit, 2000. "The Linkage Between State and National Output: A Case Study of Connecticut," The Review of Regional Studies, Southern Regional Science Association, vol. 30(2), pages 137-145, Fall.
    • Handle: RePEc:rre:publsh:v:30:y:2000:i:2:p:137-145
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    References listed on IDEAS

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    2. Shoesmith, Gary L., 1992. "Non-cointegration and causality: Implications for VAR modeling," International Journal of Forecasting, Elsevier, vol. 8(2), pages 187-199, October.
    3. Osterwald-Lenum, Michael, 1992. "A Note with Quantiles of the Asymptotic Distribution of the Maximum Likelihood Cointegration Rank Test Statistics," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 54(3), pages 461-472, August.
    4. Pami Dua & Stephen Miller, 1995. "Forecasting and Analyzing Economic Activity with Coincident and Leading Indexes: The Case of Connecticut," Working papers 1995-05, University of Connecticut, Department of Economics.
    5. Franklin D. Berger & Keith R. Phillips, 1995. "A new quarterly output measure for Texas," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q III, pages 16-23.
    6. Cheung, Yin-Wong & Lai, Kon S, 1993. "Finite-Sample Sizes of Johansen's Likelihood Ration Tests for Conintegration," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 55(3), pages 313-328, August.
    7. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
    8. Tim R. Smith, 1996. "The relationship between the Tenth District economy and the national economy," Economic Review, Federal Reserve Bank of Kansas City, vol. 81(Q IV), pages 77-90.
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