| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16657 |
| 来源ID | Working Paper 16657 |
| The Propagation of Regional Recessions | |
| James D. Hamilton; Michael T. Owyang | |
| 发表日期 | 2011-01-06 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | This paper develops a framework for inferring common Markov-switching components in a panel data set with large cross-section and time-series dimensions. We apply the framework to studying similarities and differences across U.S. states in the timing of business cycles. We hypothesize that there exists a small number of cluster designations, with individual states in a given cluster sharing certain business cycle characteristics. We find that although oil-producing and agricultural states can sometimes experience a separate recession from the rest of the United States, for the most part, differences across states appear to be a matter of timing, with some states entering recession or recovering before others. |
| 主题 | Macroeconomics ; Business Cycles |
| URL | https://www.nber.org/papers/w16657 |
| 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/574332 |
| 推荐引用方式 GB/T 7714 | James D. Hamilton,Michael T. Owyang. The Propagation of Regional Recessions. 2011. |
| 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 | ||
| w16657.pdf（1068KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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