Geography matters: Model predicts how local ‘shocks’ influence U.S. economy

6 agosto 2014

Hurricanes. Foreclosures. Factory shutdowns. How do these local industry ‘shocks’ influence the country as a whole? A new model measures the power of industry dips and boosts nationwide. Overall, they find that geography plays a huge role in determining how these fluctuations are felt across the country.
http://feeds.sciencedaily.com/~r/sciencedaily/~3/SdqtaMgg_k8/140806125726.htm