The Great Recession and Nonmetropolitan America

20 Pages Posted: 13 Jan 2015

See all articles by Dan S. Rickman

Dan S. Rickman

Oklahoma State University - Stillwater - Department of Economics & Legal Studies in Business

Mouhcine Guettabi

Institute of Social and Economic Research

Date Written: January 2015

Abstract

The influence of the housing market on U.S. business cycle dynamics during the previous decade has been well documented. Yet, little if anything is known about how nonmetropolitan areas fared. This study examines the association of regional housing market bubbles with relative nonmetropolitan economic performance during the business cycle phases of the decade. Among the primary findings, the study establishes the association of natural amenity attractiveness with nonmetropolitan housing market bubbles and growth during the expansion phase. During the Great Recession, industry composition best explained the pattern of employment declines and natural population growth differences best explained the variation of population growth, with amenity attractiveness waning in importance.

Suggested Citation

Rickman, Dan S. and Guettabi, Mouhcine, The Great Recession and Nonmetropolitan America (January 2015). Journal of Regional Science, Vol. 55, Issue 1, pp. 93-112, 2015. Available at SSRN: https://ssrn.com/abstract=2548813 or http://dx.doi.org/10.1111/jors.12140

Dan S. Rickman (Contact Author)

Oklahoma State University - Stillwater - Department of Economics & Legal Studies in Business ( email )

201 Business Building
Stillwater, OK 74078-0555
United States

Mouhcine Guettabi

Institute of Social and Economic Research ( email )

3211 Providence Drive
Anchorage, AK 99508
United States
9077865496 (Phone)

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