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Understanding Differential State Expansions Following the 1990-1991 and 2001 Recessions

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  • Connaughton, John E.
  • Madsen, Ronald A.

Abstract

This paper investigates the recoveries following the 1990-91 and 2001 recessions on a state by state and regional basis, and examines why different states and regions performed differently over these two expansions. The general conclusion of the study is that, when measured by a six-year Okun Gap contribution, the 50 states showed great variability follow-ing the 1990-91 recession and the 2001 recession. The results also indicate that the relative magnitude and variability were not the same for the two recessions, but states with higher relative levels of manufacturing were more likely to have had positive six-year Okun Gap contributions following both recessions.

Suggested Citation

  • Connaughton, John E. & Madsen, Ronald A., 2010. "Understanding Differential State Expansions Following the 1990-1991 and 2001 Recessions," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 40(2), pages 1-9.
    • Handle: RePEc:ags:jrapmc:132447
    DOI: 10.22004/ag.econ.132447
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    References listed on IDEAS

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    1. Nicholas Apergis & Anthony Rezitis, 2003. "An examination of Okun's law: evidence from regional areas in Greece," Applied Economics, Taylor & Francis Journals, vol. 35(10), pages 1147-1151.
    2. Rubina Vohra, 1997. "An empirical investigation of forces influencing productivity and the rate of convergence among states," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 25(4), pages 412-419, December.
    3. Adolfo Maza & José Villaverde, 2007. "Okun's law in the Spanish regions," Economics Bulletin, AccessEcon, vol. 18(5), pages 1-11.
    4. repec:ebl:ecbull:v:18:y:2007:i:5:p:1-11 is not listed on IDEAS
    5. William Levernier & Dan S. Rickman & Mark D. Partridge, 1995. "Variation in U.S. State Income Inequality: 1960-1990," International Regional Science Review, , vol. 18(3), pages 355-378, July.
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    Cited by:

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    2. Walden, Michael L., 2014. "Recovery from the Great Recession: Explaining Differences Among the States," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 44(2).

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