Evaluating regional industrial structures remains an inexact process as traditional aggregation schemes often lump superficially similar but behaviorally distinct industries together. We use pairwise cointegration methods to apply econometric criteria to aggregate detailed industries into...

This article argues that using either the SIC or NAICS one-digit classifications as a method of aggregating two- and three-digit time series data can ignore important regional characteristics. We present a pairwise cointegration approach of aggregation where the aggregated sectors can vary...

Current economic literacy tests focus on theory while almost totally ignoring the economy itself. This study analyzes how well we are teaching students empirical facts. Most agree that economic literacy is a laudable goal and current literacy pedagogy is centered on teaching students how to...

Purpose – To test the economic theory that economies with greater stability and diversity are also economies that are more insulated from economic shocks. Design/methodology/approach – Uses persistence profiles derived from the cointegrated systems of two regional economies within the state...

This paper analyses the effects of the change in the US sales tax on economic activity and city size using a computable general equilibrium (CGE) model. Previous works have been designed to isolate the effects of a sales tax change on the particular parameters, such as city size, non-central...

Municipalities have used tax incentives to attract manufacturing firms to counteract market failures, mobilize resources in blighted areas, and engage in bidding wars with other jurisdictions. These reasons have typically been remedies for regions experiencing unemployment and low growth....