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US Metropolitan Area Resilience: Insights from dynamic spatial panel estimation.

Authors :
Doran, Justin
Fingleton, Bernard
Source :
Environment & Planning A; Feb2018, Vol. 50 Issue 1, p111-132, 22p
Publication Year :
2018

Abstract

In this paper, we show that the economic crisis commencing in 2007 had different impacts across US Metropolitan Statistical Areas, and seek to understand why differences occurred. The hypothesis of interest is that differences in industrial structure are a cause of variations in response to the crisis. Our approach uses a state-of-the art dynamic spatial panel model to obtain counterfactual predictions of Metropolitan Statistical Area employment levels from 2008 to 2014. The counterfactual employment series are compared with actual employment paths in order to obtain Metropolitan Statistical Area-specific measures of crisis impact, which then are analysed with a view to testing the hypothesis that resilience to the crisis was dependent on Metropolitan Statistical Area industrial structure. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
0308518X
Volume :
50
Issue :
1
Database :
Complementary Index
Journal :
Environment & Planning A
Publication Type :
Academic Journal
Accession number :
127925592
Full Text :
https://doi.org/10.1177/0308518X17736067