Owyang, Michael T. (contributor); … - 2007
related to the national business cycle. According to the factor
loadings, there is a great deal of heterogeneity in the … proportions of the total variability in state-level
business cycles, although, again, there is a great deal of cross …
Our data begin in 1990 to avoid state-level structural breaks associated with the Great Moderation. As mentioned
above …