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Article: Regional employment growth and the business cycle.(Statistical Data Included)
- Article from:
- Economic Perspectives
- Article date:
- December 22, 1999
- Author:
CopyrightCOPYRIGHT 1999 Federal Reserve Bank of Chicago. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Introduction and summary
The purpose of this article is to study the sources of regional employment fluctuations in the U.S. and to shed light on the interactions of these regional fluctuations with the aggregate economy. Many studies of regional employment growth have analyzed the effect of regional differences in a number of underlying factors, such as local government expenditures and tax policy, while controlling for aggregate economic activity. My analysis focuses alternatively on the role of regional fluctuations in determining aggregate economic activity.
Macroeconomists have tended to concentrate on the impact of changes in aggregate factors in ...