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The Impact of Regional and Sectoral Productivity Changes on the US Economy

机译:区域和部门生产率变化对美国经济的影响

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We study the impact of intersectoral and interregional trade linkages in propagating disaggregated productivity changes to the rest of the economy. Using U.S. regional and industry data, we obtain the aggregate, regional and sectoral elasticities of measured total factor productivity, GDP, and employment to regional and sectoral productivity changes. We find that the elasticities vary significantly depending on the sectors and regions affected, and are importantly determined by the spatial structure of the economy. We use our calibrated model to perform a variety of counterfactual exercises including several specific studies of the aggregate and disaggregate effects of shocks to productivity and infrastructure. The specific episodes we study include the boom in California's computer industry, the productivity boom in North Dakota associated with the shale oil boom, the disruptions in New York's finance and real state industries during the 2008 crisis, as well as the effect of the destruction of infrastructure in Louisiana following hurricane Katrina.
机译:我们研究了跨部门和区域间贸易联系在将分类生产率变化传播到其余经济方面的影响。使用美国区域和行业数据,我们获得了测量的总因素生产力,GDP和就业机会的总,区域和部门弹性,以及区域和部门生产力变化。我们发现弹性根据受影响的部门和地区而显着差异,并以经济的空间结构重要。我们使用校准模型来执行各种反事练习,包括对生产力和基础设施的抗冲击性的若干具体研究和分解效果。我们学习的具体剧集包括加州计算机行业的繁荣,北达科他州的生产力繁荣与页岩油繁荣有关,纽约金融和实际产业的中断在2008年危机中,以及毁灭的影响Katrina飓风后路易斯安那州的基础设施。

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