全球智库信息集成服务系统(G2TT): Geographical and Sectoral Shocks in the U.S. Business Cycle

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w6180
来源ID	Working Paper 6180
	Geographical and Sectoral Shocks in the U.S. Business Cycle
	Atish R. Ghosh; Holger C. Wolf
发表日期	1997-09-01
出版年	1997
语种	英语
摘要	We examine whether the aggregate U.S. business cycle is driven mainly by geographical" shocks (affecting all sectors within a state), or by sectoral shocks (affecting the same sector in all" states). We find that, at the level of an individual sector in an individual state growth are driven by the sector, not by the state: textiles in Texas moves more with textiles" elsewhere in the U.S. than with other sectors in Texas. But shocks to sector growth rates exhibit" a lower correlation across sectors compared to the correlation of shocks to state growth rates" across states. As a result, geographical shocks gain greater importance at higher levels of" aggregation. Finally, we find that changes in the volatility of the aggregate U.S. business cycle" reflect, to a roughly comparable degree, both changes in the volatility of state and sector business" cycles, and changes in their correlation across sectors and states.
主题	Macroeconomics ; Business Cycles
URL	https://www.nber.org/papers/w6180
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/563688
推荐引用方式 GB/T 7714	Atish R. Ghosh,Holger C. Wolf. Geographical and Sectoral Shocks in the U.S. Business Cycle. 1997.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w6180.pdf（637KB）	智库出版物		限制开放	CC BY-NC-SA	浏览