IDEAS home Printed from https://ideas.repec.org/a/spr/jecfin/v38y2014i3p528-540.html
   My bibliography  Save this article

Comparing U.S. regions for selected economic and financial variables

Author

Listed:
  • Edward Nissan
  • Shahdad Naghshpour

Abstract

The paper investigates patterns of differences of some key economic and financial variables among U.S. regions. The grouping of the states into regions is in accordance with the Bureau of Economic Analysis classification (New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, Far West). Two main points are explored. The first deals with descriptive statistics of the variables for the eight regions. The second is the identification of regional similarities and dissimilarities for the variables. The research methodology is a one-way analysis of variance for testing hypotheses of regional mean equality. Multiple comparison procedures are employed to find whether regions ranked the highest really differ from one another and from the remaining regions. Copyright Springer Science+Business Media, LLC 2014

Suggested Citation

  • Edward Nissan & Shahdad Naghshpour, 2014. "Comparing U.S. regions for selected economic and financial variables," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 38(3), pages 528-540, July.
    • Handle: RePEc:spr:jecfin:v:38:y:2014:i:3:p:528-540
    DOI: 10.1007/s12197-012-9241-z
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s12197-012-9241-z
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s12197-012-9241-z?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Peter Nunnenkamp & Rudi Stracke, 2008. "Foreign Direct Investment In Post-Reform India: Likely To Work Wonders For Regional Development?," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 33(2), pages 55-84, December.
    2. Rosenthal, Stuart S. & Strange, William C., 2001. "The Determinants of Agglomeration," Journal of Urban Economics, Elsevier, vol. 50(2), pages 191-229, September.
    3. Sari Pekkala & Aki Kangasharju, 2002. "Regional labor markets in Finland: Adjustment to total versus region-specific shocks," Papers in Regional Science, Springer;Regional Science Association International, vol. 81(3), pages 329-342.
    4. Matthew P. Drennan, 1997. "Performance of metropolitan area industries," Economic Policy Review, Federal Reserve Bank of New York, vol. 3(Feb), pages 49-60.
    5. Kingsley Haynes & Charlie Karlsson, 2002. "introduction: Regional labour markets in transition," Papers in Regional Science, Springer;Regional Science Association International, vol. 81(3), pages 301-304.
    6. Enrique López-Bazo & Tomás del Barrio & Manuel Artis, 2002. "The regional distribution of Spanish unemployment: A spatial analysis," Papers in Regional Science, Springer;Regional Science Association International, vol. 81(3), pages 365-389.
    7. Lourens Broersma & Jouke van Dijk, 2002. "Regional labour market dynamics in the Netherlands," Papers in Regional Science, Springer;Regional Science Association International, vol. 81(3), pages 343-364.
    8. Uwe Blien & Katja Wolf, 2002. "Regional development of employment in eastern Germany: an analysis with an econometric analogue to shift-share techniques," Papers in Regional Science, Springer;Regional Science Association International, vol. 81(3), pages 391-414.
    9. Ruhul Salim & Shahriar Kabir, 2010. "The Immediate Impact Of Euro On Intra-Regional Trade: An Event Study Approach," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 35(3), pages 43-55, September.
    10. Albert DePrince & William Ford & Pamela Morris, 2011. "Some causes of interstate differences in community bank performance," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 35(1), pages 22-40, January.
    11. Scott Alan Carson, 2010. "The Effect Of Development Of Geography, Vitamin D, Wealth, And Agricultural Productivity On Tuberculosis Mortality: The Case Of The 19th Century Us," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 35(2), pages 57-74, June.
    12. Harvey Cutler & Scott England & Stephan Weiler, 2007. "Urban and regional distinctions for aggregating time series data," Papers in Regional Science, Wiley Blackwell, vol. 86(4), pages 575-595, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shu‐hen Chiang, 2012. "The sources of metropolitan unemployment fluctuations in the Greater Taipei metropolitan area," Papers in Regional Science, Wiley Blackwell, vol. 91(4), pages 775-793, November.
    2. Mark D. Partridge & Dan S. Rickman & M. Rose Olfert & Ying Tan, 2015. "When Spatial Equilibrium Fails: Is Place-Based Policy Second Best?," Regional Studies, Taylor & Francis Journals, vol. 49(8), pages 1303-1325, August.
    3. Timothy J. Bartik, 2015. "How Effects of Local Labor Demand Shocks Vary with the Initial Local Unemployment Rate," Growth and Change, Wiley Blackwell, vol. 46(4), pages 529-557, December.
    4. Harald Oberhofer & Christian Glocker & Werner Hölzl & Peter Huber & Serguei Kaniovski & Klaus Nowotny & Michael Pfaffermayr & Monique Ebell & Nikolaos Kontogiannis, 2016. "Single Market Transmission Mechanisms Before, During and After the 2008-09 Crisis. A Quantitative Assessment," WIFO Studies, WIFO, number 59156.
    5. Ramachandran, Renjith & Sasidharan, Subash & Doytch, Nadia, 2020. "Foreign direct investment and industrial agglomeration: Evidence from India," Economic Systems, Elsevier, vol. 44(4).
    6. Peter Huber, 2018. "The Role of Migration as Adjustment Mechanism in the Crisis and EMU," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 66(6), pages 1497-1508.
    7. Suárez Cano, Patricia & Mayor Fernández, Matías & Cueto Iglesias, Begoña, 2012. "La eficiencia de los servicios públicos de empleo en España en un escenario descentralizado: un análisis desde la perspectiva de la oferta/Efficiency of Public Employment Services in Spain in a Decent," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 30, pages 757(22)-757, Agosto.
    8. Mark Partridge & M. Rose Olfert & Alessandro Alasia, 2007. "Canadian cities as regional engines of growth: agglomeration and amenities," Canadian Journal of Economics, Canadian Economics Association, vol. 40(1), pages 39-68, February.
    9. SAITO Yukiko, 2013. "Role of Hub Firms in Geographical Transaction Network," Discussion papers 13080, Research Institute of Economy, Trade and Industry (RIETI).
    10. Mohamed Amara & Khaled Thabet, 2019. "Firm and regional factors of productivity: a multilevel analysis of Tunisian manufacturing," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 63(1), pages 25-51, August.
    11. Anna M. Ferragina & Giulia Nunziante, 2018. "Are Italian firms performances influenced by innovation of domestic and foreign firms nearby in space and sectors?," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 45(3), pages 335-360, September.
    12. Koech Cheruiyot, 2022. "Detecting spatial economic clusters using kernel density and global and local Moran's I analysis in Ekurhuleni metropolitan municipality, South Africa," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(2), pages 307-327, April.
    13. Hyuk-Soo Kwon & Jihong Lee & Sokbae Lee & Ryungha Oh, 2022. "Knowledge spillovers and patent citations: trends in geographic localization, 1976–2015," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 31(3), pages 123-147, April.
    14. Carlino, Gerald & Kerr, William R., 2015. "Agglomeration and Innovation," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 349-404, Elsevier.
    15. Giulia Faggio & Olmo Silva & William C Strange, 2020. "Tales of the city: what do agglomeration cases tell us about agglomeration in general? [The anchor tenant hypothesis: exploring the role of large, local, R&D-intensive firms in regional innovation ," Journal of Economic Geography, Oxford University Press, vol. 20(5), pages 1117-1143.
    16. Donald R. Haurin & Stuart S. Rosenthal, 2009. "Language, Agglomeration and Hispanic Homeownership," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 37(2), pages 155-183, June.
    17. Lu, Jiangyong & Tao, Zhigang, 2009. "Trends and determinants of China's industrial agglomeration," Journal of Urban Economics, Elsevier, vol. 65(2), pages 167-180, March.
    18. Mark J. O. Bagley, 2019. "Networks, geography and the survival of the firm," Journal of Evolutionary Economics, Springer, vol. 29(4), pages 1173-1209, September.
    19. Federico Curci, 2015. "The taller the better? Agglomeration determinants and urban structure," ERSA conference papers ersa15p991, European Regional Science Association.
    20. He, Qing & Xue, Chang & Zhu, Chenqi, 2014. "Financial development and patterns of industrial specialization : Regional evidence from China," BOFIT Discussion Papers 12/2014, Bank of Finland, Institute for Economies in Transition.

    More about this item

    Keywords

    U.S. Regions; Financial Variables; Economic Variables; R1; G1; J1;
    All these keywords.

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • G1 - Financial Economics - - General Financial Markets
    • J1 - Labor and Demographic Economics - - Demographic Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jecfin:v:38:y:2014:i:3:p:528-540. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.