This article investigates how the structural mix of USA regional economies affects their volatility of economic growth using four exogenous sectors: Federal Government, construction, manufacturing, and tourism. Results suggest that a larger share of Federal Government employment in an economy reduces the variability of overall employment growth, while a larger share of construction activity elevates it. Results also show that recently manufacturing has not contributed as much to such variability, and that a larger tourism presence increases it. The increasing integration of technology in tourism offers significant opportunities for a network approach and innovation in regional development.
September 13, 2020
Min, Jihye Ellie; Agrusa, Jerome; Lema, Joseph & Lee, Harold
The UNT Digital Library