The Great Recession and Nonmetropolitan America
The influence of the housing market bubble on U.S. business cycle dynamics during the previous decade has been well-documented. Yet, little if anything is known about how non metropolitan areas fared during the period. This study examines the association of regional housing market bubbles with relative non metropolitan economic performance during the business cycle phases of the decade. To better infer causality the study makes extensive use of exogenous measures of a symmetric labor demand shocks. Among the primary findings, the study establishes the important role of natural amenity attractiveness in regional housing market cycles and regional employment population growth dynamics.
|Date of creation:||Mar 2013|
|Contact details of provider:|| Web page: http://spears.okstate.edu/ecls-working-papers/|
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Raven E. Saks & Abigail Wozniak, 2011.
"Labor Reallocation over the Business Cycle: New Evidence from Internal Migration,"
Journal of Labor Economics,
University of Chicago Press, vol. 29(4), pages 697-739.
- Raven E. Saks & Abigail Wozniak, 2007. "Labor reallocation over the business cycle: new evidence from internal migration," Finance and Economics Discussion Series 2007-32, Board of Governors of the Federal Reserve System (U.S.).
- Saks, Raven E. & Wozniak, Abigail, 2007. "Labor Reallocation over the Business Cycle: New Evidence from Internal Migration," IZA Discussion Papers 2766, Institute for the Study of Labor (IZA).
- David A. McGranahan & Timothy R. Wojan & Dayton M. Lambert, 2011. "The rural growth trifecta: outdoor amenities, creative class and entrepreneurial context -super-§," Journal of Economic Geography, Oxford University Press, vol. 11(3), pages 529-557, May.
- Timothy J. Bartik, 1991. "Who Benefits from State and Local Economic Development Policies?," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number wbsle, 06.
- Dan S. Rickman, 2010. "Modern Macroeconomics And Regional Economic Modeling," Journal of Regional Science, Wiley Blackwell, vol. 50(1), pages 23-41.
- Mark D. Partridge & Dan S. Rickman, 2002. "Did The New Economy Vanquish The Regional Business Cycle?," Contemporary Economic Policy, Western Economic Association International, vol. 20(4), pages 456-469, October.
- Giang Ho & Anthony Pennington-Cross, 2006.
"Predatory lending laws and the cost of credit,"
2006-022, Federal Reserve Bank of St. Louis.
- Stephan J Goetz & Mark D Partridge & Dan S Rickman & Shibalee Majumdar, 2011.
"Sharing the Gains of Local Economic Growth: Race-to-the-Top versus Race-to-the-Bottom Economic Development,"
Environment and Planning C,
, vol. 29(3), pages 428-456, June.
- Stephan J Goetz & Mark D Partridge & Dan S Rickman & Shibalee Majumdar, 2011. "Sharing the gains of local economic growth: race-to-the-top versus race-to-the-bottom economic development," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 29(3), pages 428-456, June.
- Dorfman, Jeffrey H. & Patridge, Mark D. & Galloway, Hamilton, 2008. "Are High-Tech Employment and Natural Amenities Linked?: Answers from a Smoothed Bayesian Spatial Model," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6459, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Kelly D. Edmiston & Roger Zalneraitis, 2007. "Rising foreclosures in the United States: a perfect storm," Economic Review, Federal Reserve Bank of Kansas City, issue Q IV, pages 115-145.
- Keith D. Harvey & Peter J. Nigro, 2004. "Do Predatory Lending Laws Influence Mortgage Lending? An Analysis of the North Carolina Predatory Lending Law," The Journal of Real Estate Finance and Economics, Springer, vol. 29(4), pages 435-456, December.
- Seong-Hoon Cho & Seung Gyu Kim & Roland Roberts, 2011. "Values of environmental landscape amenities during the 2000-2006 real estate boom and subsequent 2008 recession," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 54(1), pages 71-91.
- Thomas Klier & Daniel P. McMillen, 2008.
"Evolving Agglomeration In The U.S. Auto Supplier Industry,"
Journal of Regional Science,
Wiley Blackwell, vol. 48(1), pages 245-267.
- Thomas H. Klier & Daniel P. McMillen, 2006. "Evolving agglomeration in the U.S. auto supplier industry," Working Paper Series WP-06-20, Federal Reserve Bank of Chicago.
- Atif Mian & Amir Sufi, 2011.
"House Prices, Home Equity-Based Borrowing, and the US Household Leverage Crisis,"
American Economic Review,
American Economic Association, vol. 101(5), pages 2132-2156, August.
- Atif R. Mian & Amir Sufi, 2009. "House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis," NBER Working Papers 15283, National Bureau of Economic Research, Inc.
- Albert Saiz, 2010. "The Geographic Determinants of Housing Supply," The Quarterly Journal of Economics, Oxford University Press, vol. 125(3), pages 1253-1296.
- Mark D. Partridge & Dan S. Rickman, 1996. "The Role Of Industry Structure, Costs, And Economic Spillovers In Determining State Employment Growth Rates," The Review of Regional Studies, Southern Regional Science Association, vol. 26(3), pages 235-264, Winter.
- Jason Henderson & Maria Akers, 2009. "Recession catches rural America," Economic Review, Federal Reserve Bank of Kansas City, issue Q I, pages 65-87.
- Ashok Bardhan & Richard Walker, 2011. "California shrugged: fountainhead of the Great Recession," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 4(3), pages 303-322.
- Partridge, Mark D. & Rickman, Dan S. & Olfert, M. Rose & Tan, Ying, 2012.
"When spatial equilibrium fails: is place-based policy second best?,"
40270, University Library of Munich, Germany.
- Mark D. Partridge & Dan S. Rickman & M. Rose Olfert & Ying Tan, 2015. "When Spatial Equilibrium Fails: Is Place-Based Policy Second Best?," Regional Studies, Taylor & Francis Journals, vol. 49(8), pages 1303-1325, August.
- Mark D. Partridge & Dan S. Rickman & M. Rose Olfert & Ying Tan, 2012. "When Spatial Equilibrium Fails: Is Place-Based Policy Second Best?," Economics Working Paper Series 1204, Oklahoma State University, Department of Economics and Legal Studies in Business.
- Edward L. Glaeser & Joseph Gyourko & Albert Saiz, 2008.
"Housing Supply and Housing Bubbles,"
NBER Working Papers
14193, National Bureau of Economic Research, Inc.
- Mark D., Partridge & Dan S., Rickman & M. Rose, Olfert & Kamar, Ali, 2010. "Dwindling U.S. Internal Migration: Evidence of Spatial Equilibrium?," MPRA Paper 28157, University Library of Munich, Germany.
- Treyz, George I., 1991. "Causes of changes in wage variation among states," Journal of Urban Economics, Elsevier, vol. 29(1), pages 50-62, January.
- Shushanik Hakobyan & John McLaren, 2016.
"Looking for Local Labor Market Effects of NAFTA,"
The Review of Economics and Statistics,
MIT Press, vol. 98(4), pages 728-741, October.
- Stuart Gabriel & Stuart S. Rosenthal, 2003.
"Quality of the Business Environment Versus Quality of Life: Do Firms and Households Like the Same Cities?,"
8615, USC Lusk Center for Real Estate.
- Stuart A. Gabriel & Stuart S. Rosenthal, 2004. "Quality of the Business Environment Versus Quality of Life: Do Firms and Households Like the Same Cities?," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 438-444, February.
- Winters, John V., 2009. "Wages and prices: Are workers fully compensated for cost of living differences?," Regional Science and Urban Economics, Elsevier, vol. 39(5), pages 632-643, September.
- Joseph Gyourko & Albert Saiz & Anita Summers, 2008. "A New Measure of the Local Regulatory Environment for Housing Markets: The Wharton Residential Land Use Regulatory Index," Urban Studies, Urban Studies Journal Limited, vol. 45(3), pages 693-729, March.
When requesting a correction, please mention this item's handle: RePEc:okl:wpaper:1303. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Harounan Kazianga)
If references are entirely missing, you can add them using this form.