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The Impact Of Slower Growth And Deindustrialization Upon State Output Volatility

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  • Paul R. Blackley

    (Le Moyne College)

Abstract

This article reviews previous empirical analyses of the relation between economic growth and volatility for regional and state economies. Gross state product data are used to document the extent to which slower overall growth and deindustrialization occurred during the past three decades in the United States. Estimates are presented for two models that demonstrate that output volatility is explained by changes in growth over time rather than longer-term average rates of growth. Industry structure variables and absolute measures of economic size are also found to be significant determinants of state output volatility.

Suggested Citation

  • Paul R. Blackley, 1994. "The Impact Of Slower Growth And Deindustrialization Upon State Output Volatility," The Review of Regional Studies, Southern Regional Science Association, vol. 24(1), pages 37-53, Summer.
    • Handle: RePEc:rre:publsh:v24:y:1994:i:1:p:37-53
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    References listed on IDEAS

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    1. Kozlowski, Paul J., 1987. "Regional Cyclical Volatility: Tests of a Growth-Buffer Hypothesis," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 17(2), pages 1-16.
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    4. Connaughton, John E. & Madsen, Ronald A., 1987. "Measuring Cyclical Sensitivity in State Performance: 1969-1984," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 17(2), pages 1-7.
    5. Robert J. Barro & Xavier Sala-i-Martin, 1991. "Convergence across States and Regions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(1), pages 107-182.
    6. George H. Borts, 1960. "Regional Cycles of Manufacturing Employment in the United States, 1914-1953," NBER Chapters, in: Regional Cycles of Manufacturing Employment in the United States, 1914-1953, pages 1-61, National Bureau of Economic Research, Inc.
    7. Wei Yu & Myles S. Wallace & Clark Nardinelli, 1991. "State Growth Rates: Taxes, Spending, and Catching Up," Public Finance Review, , vol. 19(1), pages 80-93, January.
    8. George H. Borts, 1960. "Regional Cycles of Manufacturing Employment in the United States, 1914-1953," NBER Books, National Bureau of Economic Research, Inc, number bort60-1.
    9. Barro, Robert J & Sala-i-Martin, Xavier, 1992. "Convergence," Journal of Political Economy, University of Chicago Press, vol. 100(2), pages 223-251, April.
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    11. Stefan C. Norrbin, 1988. "Determinants of Differences in Regional Cyclical Variability," The Review of Regional Studies, Southern Regional Science Association, vol. 18(3), pages 16-22, Fall.
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    Cited by:

    1. Edward Nissan & George Carter, 2009. "Specialization of state sectoral employment," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 33(2), pages 148-160, April.
    2. Nissan, Edward & Carter, George, 2010. "States' Nonagricultural Employment at the 3-Digit North American Industry Classification System (NAICS) Level," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 40(1), pages 1-13.

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