The Great Recession and Nonmetropolitan America

Dan Rickman and Mouhcine Guettabi

No 1303, Economics Working Paper Series from Oklahoma State University, Department of Economics and Legal Studies in Business

Abstract: The influence of the housing market bubble on U.S. business cycle dynamics during the previous decade has been well-documented. Yet, little if anything is known about how non metropolitan areas fared during the period. This study examines the association of regional housing market bubbles with relative non metropolitan economic performance during the business cycle phases of the decade. To better infer causality the study makes extensive use of exogenous measures of a symmetric labor demand shocks. Among the primary findings, the study establishes the important role of natural amenity attractiveness in regional housing market cycles and regional employment population growth dynamics.

Keywords: Great Recession; housing bubble; regional development; nonmetropolitan growth (search for similar items in EconPapers)
JEL-codes: R00 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2013-03
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: THE GREAT RECESSION AND NONMETROPOLITAN AMERICA (2015)
Working Paper: The Great Recession and Nonmetropolitan America (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:okl:wpaper:1303

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