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来源类型Working Paper
规范类型报告
DOI10.3386/w26501
来源IDWorking Paper 26501
Regional Data in Macroeconomics: Some Advice for Practitioners
Gabriel Chodorow-Reich
发表日期2019-12-02
出版年2019
语种英语
摘要Cross-sectional or panel studies have joined time series techniques as an important element in empirical macroeconomists' toolkit. The econometric best practices for these studies and their aggregate implications remain active topics of research. In this paper, I offer several pieces of advice for practitioners in this literature. I begin by casting regional analysis in a Rubin (1978) potential outcomes framework. This formalism clarifies three reasons why the estimated impact of a shock on a single region can differ from the aggregate effect of the shock: (i) contamination of the untreated areas through ``micro'' spillovers, (ii) these spillovers sum to an economically relevant magnitude, and (iii) national variables endogenously respond to national shocks but not to local shocks. I provide several examples to illustrate and discuss how economic theory can sometimes sign the spillovers and bound the difference between the regional and aggregate effects of the shock. I then turn to econometric issues including the choice of endogenous variable in a regional regression and whether or not to weight by population.
主题Macroeconomics ; Regional and Urban Economics
URLhttps://www.nber.org/papers/w26501
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/584174
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GB/T 7714
Gabriel Chodorow-Reich. Regional Data in Macroeconomics: Some Advice for Practitioners. 2019.
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