Owyang, Michael T.; Piger, Jeremy M.; Wall, Howard J.; … - In: Journal of Urban Economics 64 (2008) 3, pp. 538-550
This paper examines the determinants of employment growth in metro areas. To obtain growth rates, we use a Markov-switching model that separates a city's growth path into two distinct phases (high and low), each with its own growth rate. The simple average growth rate over some period is,...