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The Great Recession and Nonmetropolitan America

Author

Listed:
  • Dan S. Rickman

    () (Oklahoma State University)

  • Mouhcine Guettabi

    () (University of Alaska-Anchorage)

Abstract

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.

Suggested Citation

  • Dan S. Rickman & Mouhcine Guettabi, 2013. "The Great Recession and Nonmetropolitan America," Economics Working Paper Series 1303, Oklahoma State University, Department of Economics and Legal Studies in Business.
  • Handle: RePEc:okl:wpaper:1303
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    File URL: https://business.okstate.edu/site-files/docs/ecls-working-papers/OKSWPS1303.pdf
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    References listed on IDEAS

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    Citations

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    as


    Cited by:

    1. Rickman, Dan S. & Wang, Hongbo, 2016. "Regional Housing Supply Elasticity in China 1999-2013: A Spatial Equilibrium Analysis," MPRA Paper 69157, University Library of Munich, Germany.
    2. Georgeanne M. Artz & Younjun Kim & Peter F. Orazem, 2016. "Does Agglomeration Matter Everywhere?: New Firm Location Decisions In Rural And Urban Markets," Journal of Regional Science, Wiley Blackwell, vol. 56(1), pages 72-95, January.
    3. Mark D. Partridge & Dan S. Rickman & Ying Tan & M. Rose Olfert, 2013. "U.S. Regional Poverty Post-2000: The Lost Decade," Economics Working Paper Series 1304, Oklahoma State University, Department of Economics and Legal Studies in Business.
    4. Munasib, Abdul & Rickman, Dan S., 2015. "Regional economic impacts of the shale gas and tight oil boom: A synthetic control analysis," Regional Science and Urban Economics, Elsevier, vol. 50(C), pages 1-17.
    5. repec:rre:publsh:v47:y:2017:i:3:p:243-269 is not listed on IDEAS
    6. Dan S. Rickman & Hongbo Wang, 2017. "US regional population growth 2000–2010: Natural amenities or urban agglomeration?," Papers in Regional Science, Wiley Blackwell, vol. 96, pages 69-90, March.
    7. Virginie Mamadouh & Luiza Bialasiewicz & Gordon F. Mulligan & Neil Reid & Michael S. Moore, 2016. "The Current Health of Metropolitan Labour Markets in the United States," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 107(2), pages 232-253, April.
    8. Wang, Hongbo & Rickman, Dan S., 2017. "Housing Price and Population Growth across China: The Role of Housing Supply," MPRA Paper 79641, University Library of Munich, Germany.
    9. Steven Brakman & Charles Marrewijk & Mark Partridge, 2015. "Local Consequences Of Global Production Processes," Journal of Regional Science, Wiley Blackwell, vol. 55(1), pages 1-9, January.

    More about this item

    Keywords

    Great Recession; housing bubble; regional development; nonmetropolitan growth;

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General

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