The Role of Initial Conditions in Post-Great Recession Recovery and Development: Single-County MSAs/
Adkisson, Richard V.
The Role of Initial Conditions in Post-Great Recession Recovery and Development: Single-County MSAs/ Richard V. Adkisson - Sage, 2020. - Vol. 34, issue 1, 2020: (64–77p.)
This article studies the impact of initial (circa 2009) socioeconomic conditions on post-Great Recession economic development/recovery. The units observed are 145 single-county metropolitan statistical areas in the lower 48 American states. Principal components analysis is used to construct a four-dimensional index representing economic development/recovery over 2009 to 2016. Variables in five categories—education/human capital, general socioeconomic/demographic conditions, industrial structure, public policy, and regional variables—are used to explain variation in the economic development index. The estimates indicated that approximately two thirds of the variation in post-recession economic development can be explained using only initial conditions.
Post-Great Recession Recovery
Single-County MSAs
The Role of Initial Conditions in Post-Great Recession Recovery and Development: Single-County MSAs/ Richard V. Adkisson - Sage, 2020. - Vol. 34, issue 1, 2020: (64–77p.)
This article studies the impact of initial (circa 2009) socioeconomic conditions on post-Great Recession economic development/recovery. The units observed are 145 single-county metropolitan statistical areas in the lower 48 American states. Principal components analysis is used to construct a four-dimensional index representing economic development/recovery over 2009 to 2016. Variables in five categories—education/human capital, general socioeconomic/demographic conditions, industrial structure, public policy, and regional variables—are used to explain variation in the economic development index. The estimates indicated that approximately two thirds of the variation in post-recession economic development can be explained using only initial conditions.
Post-Great Recession Recovery
Single-County MSAs