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(Article of periodic en Anglais - 2014)

Document title

Okun’s law and urban spillovers in US unemployment

Authors(s) and Affiliation(s)

MONTERO KUSCEVIC C.M. (1) ;
(1) Department of Economics, Faculty of Arts and Sciences, American Univ., Beirut, LIBAN

Abstract

Using data for 2002–2010 from 358 Metropolitan Statistical Areas (MSA), the A estimate Okun’s law which accounts for national shocks and spatial spillovers in urban areas. Our scale of measurement is changed to the state level, allowing us to capture a different source of spatial dependence on unemployment. The main finding is that MSA-specific growth has a small effect on MSA unemployment rate, implying that in a well-integrated labor market like the USA, unemployment at an urban level is highly dependent on neighboring and national labor market conditions. Ther results also show that the driving forces behind the behavior of unemployment for MSAs are different than those for states

Source

Article of periodic

published at : The Annals of regional science / ISSN 0570-1864

Editor : Springer, Berlin - ALLEMAGNE (1967)

Millesime : 2014, vol. 53, no3 [pp. 719-730]

Bibliographic references : 29 ref.

Collation : fig., tabl., cartes

Language

Anglais

Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1007/s00168-014-0640-2

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2014
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