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Mass Layoffs, Manufacturing And State Business Climates: Does State Policy Matter?

Author

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  • Christopher J. Surfield
  • C. Surender Reddy

Abstract

type="main" xml:id="coep12157-abs-0001"> This study provides the first estimates on the relationship between state public policies and job losses in the manufacturing sector. In addition, spatial model estimation is adopted to identify any effect that state policies may have on the adopting state as well as upon neighboring states. We find evidence that favorable ratings regarding some elements of a state's business climate coincide with a lower incidence of job loss. This relationship holds beyond the adopting state and is correlated with lower job losses in contiguous states. (JEL J50, J60, M50)

Suggested Citation

  • Christopher J. Surfield & C. Surender Reddy, 2016. "Mass Layoffs, Manufacturing And State Business Climates: Does State Policy Matter?," Contemporary Economic Policy, Western Economic Association International, vol. 34(4), pages 630-645, October.
    • Handle: RePEc:bla:coecpo:v:34:y:2016:i:4:p:630-645
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    File URL: http://hdl.handle.net/10.1111/coep.2016.34.issue-4
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    More about this item

    JEL classification:

    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • M50 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - General

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