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Journal Article
A report on economic conditions in the St. Louis zone
Journal Article
A report on economic conditions in the Little Rock zone
Journal Article
A report on economic conditions in the Memphis zone
Journal Article
A report on economic conditions in the Memphis zone
Journal Article
A report on economic conditions in the Memphis zone
Journal Article
A report on economic conditions in the Louisville zone
Journal Article
A report on economic conditions in the Little Rock zone
Working Paper
The Local-Spillover Decomposition of an Aggregate Causal Effect
This paper presents a method to decompose the causal effect of government defense spending into: (i) a local (or direct) effect, and (ii) a spillover (or indirect) effect. Each effect is measured as a multiplier: the unit change in output of a one unit change in government spending. We apply this method to study the effect of U.S. defense spending on output using regional panel data. We estimate a positive local multiplier and a negative spillover multiplier. By construction, the sum of the local and spillover multipliers provides an estimate of the aggregate multiplier. The ...
Journal Article
A report on economic conditions in the Little Rock zone
Journal Article
Long-resilient Little Rock faces uncertain pace of recovery